because if we are not succsesfull in our plan and also in market and our product image has been removed from customes and consumers mind so we should make a change in our product because of this reason product innovation is more importan for us
Competition Innovation in Production
Cotton gin
Assembly lines are one innovation that have increased efficiency in production.
Organizational innovation refers as the implementation of a new strategy by a business. This is usually aimed at maximizing profits by increasing production levels.
assembly line
the spinning jenny
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Marginal and Average productivity increases when technological innovations are introduced into production process.
It means that the innovation of the product is lead by "new science" being developed, i.e. new technology leads to the production of a new product, as a pose to market pull innovation, where the market has a need, and science is developed to support the need.
Watermills, rotation of crops, AND heavy plow
flexible production or flexible specialization, customized production , vertical disintegration, cooperative network structure, creativity and innovation, new labour division.
new technological innovation applying vastly more resources to old production processes