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Why does a new invention frequently require a new business model as well as an innovative...

Why does a new invention frequently require a new business model as well as an innovative product?

Engineering   Mechanical-Engineering   
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Answer #1

In modern Era of technology whenever there is introduction of invention it requires new business model because it is totally new for the customer so needs fresh market research, business plan, aspects of expansion of business in future.

It needs an innovative product because there is to much competition,for any new starting business within few months or year it's competitor comes in market and to maintain satisfatsatory status of business new and innovative product design is required.

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