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LECTURE 7 RECAP

CONCEPT GENERATION & CUSTOMER NEEDS


SOURCES OF INNOVATION DEVELOPING IDEAS AND SOLUTIONS:
"Creativity is just having enough dots to connect …” EXTERNAL SEARCH + INTERNAL SEARCH
Steve Jobs
Patents Stimulation
CONCEPT GENERATION PROCESS Market
Users
Connection
Transformation

Brainstorming and Creativity

PUSH OR PULL INNOVATION?


Need pull Knowledge push Interaction of both

"Customers don't know what they want.” Steve Jobs

COSTUMER NEEDS
Explicit
Unfulfilled
Latent
LECTURE 7 RECAP
CONCEPT GENERATION & CUSTOMER NEEDS
VON HIPPEL'S LEAD USERS CUSTOMER NEEDS AND MARKETS
Lead users face needs before the market encounters them.

EXTREME USERS
Extreme environment
as a source of
Tata Nano
innovation.
USD 2,000.00 EXPLOIT OR EXPLORE? INNOVATION MARKET

ACCIDENTS
WAYMO EXPANDING ITS ROBOTAXI SERVICE
TO LOS ANGELES
Waymo (Alphabet) is expanding the
Robotaxi Service to Los Angeles.
Alphabet is aiming to run a 24/7, fully
autonomous commercial ride-hailing
service.

That’s a commitment they have only


made to two cities in the past: Phoenix
(Arizona) and San Francisco.

The Los Angeles metro region, with


about 13 million residents, is an
appealing commercial opportunity as
it’s the third-largest ride-hailing
October 19th 2022
market in the U.S., representing
potentially worth $2 billion in 2022.

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