Year 11 Business (2)

Incremental, architectural, disruptive, bold

Open, closed, incremental, bold

Instrumental, architectural, disciplined, radical

Incremental, architectural, disruptive, radical

architectural innovation builds upon the basic platforms that already exist within a market through a series of small improvements.

architectural innovation takes components of a product and reassembles it in a new way to introduce to a new market.

Incremental

   Architectural

Radical

Disruptive

Intangible items or proprietary knowledge that a person creates and owns.

Tangible items and material that belong to a person or company.

Trade secret

Trademark

Innovation

Patent

Registered design

Trade mark

Patent

Copyright

Perfect competition

Monopolistic competition

Oligopoly

Monopoly

Because there aren't many farmers around anymore.

Because farmers have control over the price that they sell their produce for. They have total pricing power and differentiated products.

Because farmers offer homogeneous products that are produced by and for many sellers and buyers. Producers have no pricing power.

Because it has differentiated products

Complimentary screen repair for your device

High quality, modern products

Iconic product design. e.g the sleek, minimalistic aesthetic of Apple products.

Offering a wide range of products suited to different consumer values