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What Are the Major External Sources of New Product Ideas

question 26

Essay

What are the major external sources of new product ideas? What type of information can be gathered from each of these sources? How do firms benefit from such information?


Definitions:

Visual Images

Mental representations of physical objects or scenes that are not currently being perceived by the senses.

Self-Referent Encoding

A memory enhancement strategy involving processing information by relating it to oneself.

Spreading Activation

A method for searching associative networks, neural networks, or semantic networks, where a stimulus activates specific nodes, which in turn activate related nodes.

Semantic Network

A conceptual model in cognitive psychology and artificial intelligence that represents semantic relations between concepts in networks.

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