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How Can Companies, Whose Innovations Outpace the Evolving Needs of Its

question 26

Essay

How can companies, whose innovations outpace the evolving needs of its customers, pursue 'sustaining innovations'?


Definitions:

Working Memory

The capacity of the brain to hold and manipulate information in the short term for cognitive tasks such as learning, reasoning, and comprehension.

Short-Term Memory

A part of the memory system where small amounts of information can be kept for a short period of time, typically from a few seconds to a minute.

Functional Fixedness

A cognitive bias that limits a person's ability to use an object only in the way it is traditionally used, hindering problem-solving.

Confirmation Bias

A bias towards finding, comprehending, selecting, and reminiscing information that affirms one's prior beliefs or conjectures.

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