Type |
Description |
Level of innovation |
New product platform
|
A completely new technology and/or market
|
Very high, discontinuous
|
New direction on present platform |
A new product line/product |
High, continuous |
New-to-the-world single product |
A single innovation not related to a platform, new technology |
Very high, discontinuous |
Revamping a product platform |
New focus, add new products, drop old products, another market |
High, continuous |
Product line relaunch |
New packaging, new image, change in product variety |
Moderate, continuous |
Product relaunch |
New packaging, new image, product change |
Moderate, continuous |
Product line extension |
Add new products |
Low, incremental |
Product improvement |
Improve attributes, use, image |
Low, incremental |
Product cost reduction |
Reduce costs of production, marketing |
Very low, analysis |
|