Ollie Has Developed a New Product for Radio That Allows

question 31

Essay

Ollie has developed a new product for radio that allows the listener to rewind and listen to songs or dialogue that was missed. The listener can then resume play in live mode, similar to a DVR product used on home TVs. Ollie knows his competitive advantage will dwindle over time as new technology emerges. What can he do to secure the future of his product and himself as an innovator?

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Definitions:

Top Executive

A high-ranking officer in a company or organization responsible for strategic planning and decision-making.

Vision

The ability to think about or plan the future with imagination or wisdom.

Company's Actions

Decisions and measures taken by a company's management and board of directors which impact its operations, performance, and strategy.

Competitors

Entities or individuals that compete within the same market, offering similar products or services to the same customer base.