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Phases of innovation cycle
Fluid - exploration, uncertainty
Transitional - dominant design is chosen
Specific - standardization and integration of product
Through cycle:
Product innovation decreases
Process innovation increases
Underlying process for innovation
Search
Select
Implement
Capture value of innovation
Influences on innovation processes
Sector you operate in
Size of company
Life cycle of product
Degree of novelty
Role played by external influators
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