Product Innovation is a part of the innovation concept. Innovation is the creations of new ideas which are then implemented. These ideas can be used for products or services. Product innovation is going to focus only on the manufacture of new items for consumers. There have been twenty new product innovation ideas to hit the market in 2007.
The first product innovation was Microsoft Office 2007 which has improved on the office suite. It is easier to create documents, review them, and send them to the person that needs the information. The next product on the list is the Intel Core 2 Duo. This is a faster series that offers better technological advances. It has smart caching, smart memory access, and much more. Nintendo Wii is a game console that has exploded onto the scene. It allows individuals to play their favorite games as well as workout. Shoes, cars, clothing, and much more can be an innovation under the product arm.
Product innovation as you can see by the examples can range from several industries, but most often it is the tech world that will benefit. Any product innovation that is created is meant to find a solution to a need that a consumer has or will have. We may not have realized we wanted an improved game console, but Nintendo showed us how helpful it could be. We know we want a solution to global warming, which makes improving hybrid cars imperative to the world. In this type of innovation employees try to think up new designs.