A Dominant Design Is

question 61

Multiple Choice

A dominant design is:

• A)A technical standard that the most powerful player of the industry imposes
• B)A de facto standard that proves to also be the best technical solution for the industry
• C)A common product format determined by market preference over time through competition
• D)The convergence towards a product that reconciles several similar industry products

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Definitions:

Reverse Innovation

The process where goods developed as inexpensive models to meet the needs of developing nations are then repackaged as low-cost innovative goods for Western markets.

Emerging Markets

Economies in the process of rapid industrialization and exhibiting high rates of growth and investment potential.

Income Pyramid

A graphical representation of the distribution of income across different segments of society, often showing a wide base of low-income individuals and a narrow top of high-income earners.

Base Of The Pyramid

A concept that targets the largest but poorest socio-economic groups in a given population, focusing on providing affordable products and services.