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Bridging the Gap Between Innovation and Market Success
Innovators who are ahead of the market often face challenges in monetizing their ideas because they are too far ahead. To bridge the gap between distal invention and the market, two strategies are proposed. The first strategy is to accelerate market maturity through promotions, partnerships, and focused launches. An example of this strategy is PayPal, which initially partnered with eBay and later evolved into a broader-based offering with numerous applications.