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Technical Brief

The Characteristics of Innovative, Mechanical Products ?10 years later

[+] Author and Article Information
Katja Holtta-Otto

Design Factory, Department of Mechanical Engineering, Aalto University Betonimiehenkuja 5, 02210 Espoo, Finland
katja.holtta-otto@aalto.fi

Kevin N. Otto

Design Factory, Department of Mechanical Engineering, Aalto University Betonimiehenkuja 5, 02210 Espoo, Finland
kevin.otto@aalto.fi

Chaoyang Song

Department of Mechanical and Aerospace Engineering, Monash University Wellington Rd, Clayton VIC 3800, Australia
chaoyang.song@monash.edu

Jianxi Luo

Engineering Product Development Pillar, Singapore University of Technology and Design 8 Somapah Rd, Singapore 487372
luo@sutd.edu.sg

Timothy Li

Engineering Product Development Pillar, Singapore University of Technology and Design 8 Somapah Rd, Singapore 487372
timothy.li@me.com

Carolyn C. Seepersad

Department of Mechanical Engineering, University of Texas at Austin 204 E. Dean Keeton Street, Austin, TX, 78712
ccseepersad@mail.utexas.edu

Warren P Seering

Department of Mechanical Engineering, Massachusetts Institute of Technology 77 Massachusetts Avenue, Cambridge, MA, United States 02139
seering@mit.edu

1Corresponding author.

ASME doi:10.1115/1.4039851 History: Received November 06, 2017; Revised March 20, 2018

Abstract

Ten years ago it was shown that an innovative mechanical product embodies on average three characteristics of innovation. At the time it was not known if these product were to be successful innovations and if the amount or type of innovation characteristics would be related with success. In this work, we categorized the products from the previous data set into well- and under-adopted products. Due to the significant difference between new ventures and established firms we separated products based on in which type of firm launched them. We show that the innovative products enjoy a success rate of 77% on average. The success is not dependent on the amount or type of innovation characteristics in the set where they all embody on average three characteristics. However, products developed in new ventures embody, on average, one more innovation characteristic and enjoy a success rate of 90%.

Copyright (c) 2018 by ASME
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