6533b82cfe1ef96bd128e93d
RESEARCH PRODUCT
Theories Related to Vertical Software Industry Evolution
Lauri Franksubject
EngineeringSoftwarePoint (typography)business.industryNew product developmentOperations managementProduct (category theory)businessObject (philosophy)Network effectWord (computer architecture)Industrial organizationUnit (housing)description
The word innovation often refers to a new product, usually to an industrial or technical invention, although actually all kinds of new ideas should be considered. Following Rogers (2003, p. 12), “[a]n innovation is an idea, practice, or object that is perceived as new by an individual or other unit of adoption.” The birth of a new industry can be considered to occur as this new innovation is introduced to the markets by the first manufacturing firm. At this point the potential customers evaluate whether it is worth to adopt the product or not.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2009-01-01 |