Innovation and Prodcut Development

The first element is the product. A product is a good or service intended to meet the needs of consumers or society. Read the introductions of each section to gain an understanding of products and product development.

(AACSB) Analysis

The "Strange New Products" Web site brags that it displays the "weirdest, funniest, stupidest, and [most] ingenious new products entering the marketplace". This seems to be an accurate statement. Visit the site (http://www.strangenewproducts.com) and do the following:

  1. Pick your favorite new product.
  2. Describe the idea.
  3. Explain how the product works.
  4. Indicate whether you believe the product fills an unmet need. Explain why or why not.
  5. Rate the product's likelihood of success on a scale from 1 (extremely unlikely) to 10 (very likely). Explain your rating.