I've been thinking about the different ways products are invented, and so far I've enumerated these different "invention categories" that are the foundation for something new...what am I missing? 1/ technology...obvious...many products are the result of new tech
With 'financial' you could probably add another sub category for 'financial products' i.e. different types of loans, new forms of investing.
Another category that came to mind was 'regulatory'. When regulations change we often see a rise in new products as the market adapts to the new rules.
Nice breakdown!
It got me thinking:
With 'financial' you could probably add another sub category for 'financial products' i.e. different types of loans, new forms of investing.
Another category that came to mind was 'regulatory'. When regulations change we often see a rise in new products as the market adapts to the new rules.
Anyway, enjoyed the post :)
I'm starting to think there are 2 dimensions of innovation...categories of innovation (e.g. financial) x drivers of innovation (e.g. regulatory)
Crisp and comprehensive!