Lewang Has Decided to Launch an Innovative Product That Would

question 15

Multiple Choice

Lewang has decided to launch an innovative product that would help the blind access their mails through a voice application. He has finished designing the product and accessing the costs and its market applicability. Keeping in mind Hamel's "wheel of Innovation", what is the next step that Lewang should ideally undertake?

• A) He should check for its sustainability.
• B) He should initiate the process of scaling.
• C) He should implement reverse innovation.
• D) He should increase the price of the product.
• E) He should access the rate of change in environment.

---

Definitions:

Annuity

A financial product that pays out a fixed stream of payments to an individual, primarily used as an income stream for retirees.

Period Of Time

A specific duration or length of time during which events occur or conditions exist.

Perpetual Payments

Payments that continue indefinitely, often seen in perpetuities where an initial investment pays a constant amount to the investor forever.

Discount Rate

The interest rate that the Federal Reserve charges banks for short-term loans, which influences monetary policy and the cost of borrowing.