Identify a product or service category of your choice that has been available on the market for at least the past three years and that you can use to answer the following questions. You should choose...

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Identify a product or service category of your choice that has been available
on the market for at least the past three years and that you can use to answer
the following questions. You should choose a product or service that you are
familiar with through your own professional experience, personal experience
or general knowledge. (You may not choose Chapman Innovations’ products,
laser printers, eyeglasses or diapers as your chosen category.).
a. Identify the primary, secondary, operational and latent performance
dimensions for your chosen product or service category. Explain
clearly why you view them as primary, secondary, operational and
latent performance dimensions. Discuss how they have evolved or are
evolving over time. (10 points)
b. Identify fringe users, lead users and non-users for your chosen product
or service category and explain how they have been a source of latent
performance dimensions. (10 points)
c. Identify examples of sustaining innovation, low cost disruption (or
potential low cost disruption), new market disruption (or potential new
market disruption), and resonant innovation (or potential resonant
innovation) related to the product or service category that you have
chosen. For each of these types of innovation, explain clearly why your
chosen example is an example of the innovation type. (15 points)
2. Use the ideas presented in the article to analyze future innovation
opportunities in your workplace. Explain clearly the types of incoming
customer requests, how you would organize them using the framework in the
article, and how you could use the concepts in the article to improve the
innovative potential of your workplace. (10)
Answered Same DayDec 31, 2021

Answer To: Identify a product or service category of your choice that has been available on the market for at...

David answered on Dec 31 2021
116 Votes
Question 1
The product chosen for this part of the assignment is Apple iPhone. The iPhone
from Apple is a device combining a mobile phone, an iPod (a separate product from
Apple) including touch controls, and a devi
ce enabled to communicate through internet
(Apple Annual Report , 2010). The iPhone is based on Apple’s Multi-touch user
interface giving facilities of fast email, web browsing and many other features at a
world class format. The device is compatible with both windows based PCs as well as
Macintosh PCs. It also has a searching and maps feature used to give directions by
connecting through internet (Apple Annual Report , 2010).
The series of iPhone was launched into the market by announcing iPhone one,
which was continuously upgraded by the company. The company has till now
launched iPhone 4 and is planning to launch iPhone 5 in the coming few months. The
iPhone 4 has many new features such as video calling including face time, high display
and resolution, 5MP camera as well as a front camera, HD video recording (Apple
Annual Report , 2010). The processor used by the company for this series was A4
processer. The price of iPhone as consistent with all Apple products was on the
premium pricing format wherein the company employed cost plus pricing strategy to
price the product (BlackBerry Vs iPhone, 2010).
The primary performance dimension of iPhone would be the increase in demand
for the product. This can be measured by increase in volume sales of the product over
the period. This would ensure that iPhone is performing well and is popular among the
target market. The secondary performance dimension would be growth in sales of the
product compared to its arch rival Samsung and BlackBerry. This would also ensure
that how the product is performing in comparison to its customers. The operational
performance of the iPhone could be measured with the help of features that the product
and the up gradations in features and applications that Apple is making in the product.
The users of the product are retails customers. The company has a
manufacturing facility in Ireland where it manufactures its products. The assembly of...
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