The Characteristics of Innovative, Mechanical Products—10 Years Later
Name
md_140_08_084501.pdf
Description
Published version
Size
371.96 KB
Format
Adobe PDF
Checksum (MD5)
6da5d5b11b9665e5a248a03e9949c65f
Author(s)
Hölttä-Otto, Katja
Otto, Kevin
Song, Chaoyang
Luo, Jianxi
Li, Timothy
Seepersad, Carolyn C.
Seering, Warren Paul
Date Issued
May 2018
Journal
Journal of Mechanical Design
Publisher
ASME International
Citation
Hölttä-Otto, Katja et al. "The Characteristics of Innovative, Mechanical Products—10 Years Later." Journal of Mechanical Design 140, 8 (May 2018): 084501 © 2018 ASME
Version
Final published version
Abstract
Ten years prior to this paper, innovative mechanical products were analyzed and found to embody multiple innovation characteristics—an average of two more than competing products in the marketplace. At the time, it was not known whether these products would be successful over time and whether the number or type of innovation characteristics would be related with success. In this work, products from the previous study were categorized into well- and under-adopted products. Also, each product was categorized according to the type of firm that launched it: a new venture or an established firm. The innovative products enjoyed a success rate of 77% on average. The success was not dependent on the number or type of innovation characteristics embodied by the product. However, products developed in new ventures embody, on average, one more innovation characteristic and enjoy a slightly higher success rate than those launched by established firms.
MIT Department
Massachusetts Institute of Technology. Department of Mechanical Engineering
Terms of Use
Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use.
Persistent DSpace Link
DOI of Published Version
https://doi.org/10.1115/1.4039851
