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Entrepreneurship
by tj on August 16, 2003
A rather new and pretty good research focuses on the very different takeoff cycles for products in various countries. It draws some main conclusions:
For launching a consumer product in Europe it might be favourable to start form Scandinavia and place R&D in Sweden or Denmark. I haven't found such a good research for corporate customer. However my gut feeling is that Germany remains the adoption leader in this isn't it?
- Sales of most new products display a distinct takeoff in various European countries, at an average of 6 years after introduction.
- The time-to-takeoff varies substantially across countries and categories. It is four times shorter for entertainment products than for kitchen & laundry Appliances. It is almost half as long in Scandinavian countries as in Mediterranean countries.
- While culture partially explains inter-country differences in time-to-takeoff, economic factors are neither strong nor robust explanatory factors.
- These results suggest distinct advantages to a waterfall strategy for introducing products in international markets.
For launching a consumer product in Europe it might be favourable to start form Scandinavia and place R&D in Sweden or Denmark. I haven't found such a good research for corporate customer. However my gut feeling is that Germany remains the adoption leader in this isn't it?
Permalink: consumer products innovation cycles
Tags:
consumer
products
entrepreneurship
2003
technology
consumer+products
innovation+cycles
products+inno
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/301
Mr Wong
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