`Managers can do next to nothing to overcome the many factors making product and/or service innovation difficult.` Discuss

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Overall Similarity Index :0 Name : University Course Tutor : Date Product and Service Innovation Management Despite the need for high competitiveness

at the market place through products or service innovation , managers have increasingly been faced with difficulties in overcoming the same problem . Many organizations (almost all ) in the business industry have developed product management department which ensures the production of high quality products and services that can radically compete well at the same market . Above the product /service management , managers have put in stake quality control department which can adequately ensure product output that can compete well at the market place . At the market place full of competition , high standards of products and services is romised for a higher scale of competition . However , with the same need for innovation , managers have been unable to overcome the various difficulties allied to his inequalities . For rationality purposes , one wonders of the basic reasons behind this problem and whether inevitable at large . By its definition , a products or service innovation can be defined as the basic result with which managers seek to bring in the life of the customers various parameter of new ways and methodologies aimed at solving the existing consumption problems though the provision of new products or elsewhere rendering a more developed service output . Every aim of product innovation should be to benefit both the organization as well as the customers . The basic complimentary issue that exists in every aspect of product or service innovation is the relationship of the existing resource package by the organization above that of the cost benefit analysis of the innovated products or service output . Ideally products innovations is a complementary issue which incorporates within its dimensions various processes , personnel and other resource requirements . Every innovation must be accompanied implicitly by a broad resource requirement in which case the product will pass through this series of process for its final outlay of product output (Solaner , Shephard , Podolny , 2001 ) However , with the contagious need to achieve this need , managers have almost being incapable to formulate the required structural adjustments within their organizations that adequately provide grounds of this achievement . At the market place where the role of the game theory determines the dominance of the organization , high state of competition provides a coherent support for every decision to ensure such a competition . The basic phenomenon allied to product or service innovation is the level of the resource package by such organizations . However , in all business activities , the basic factor of limited supply of the factors of production is held at constant . Such limited supply of production factors dictates the functional outlay of every business activity . Elsewhere every attribute allied to product innovation is a concise...