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The Crucial Role of Domain Knowledge in Evaluating Early-Stage New Product Ideas

Forschungs-/Entwicklungs-/Innovations-Management

By (author) Florian Denker
Format: Paperback / softback
Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG, Germany
Imprint: Springer Gabler
Published: 10th Nov 2017
Dimensions: w 148mm h 210mm d 15mm
Weight: 330g
ISBN-10: 3658197838
ISBN-13: 9783658197834
Barcode No: 9783658197834
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Synopsis
Florian Denker explores the role of an individual's domain knowledge for the proficient evaluation of early-stage new product ideas in the front-end of innovation. The results of his study show that in order to ensure an effective evaluation, evaluators of early-stage new product ideas should have comprehensive knowledge of consumers' needs and wants, as well as distinct knowledge about the opportunities and limits of available technologies in the respective domain. In this context, the results show that not only firm-internal experts can have this knowledge. Users and, in particular, so-called "lead users" (i.e. users who are ahead of the majority on major market trends and innovations), could also be suitable for effectively evaluating early-stage new product ideas.

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