Introduction Of Innovative Products Research Articles

Risk Management in Banking Industry

Rising global competition, increasing deregulation, introduction of innovative products and delivery channels have pushed risk management to the forefront of today’s banking. Ability to predict risks and take appropriate position is the key to success. It can be said that risk takers will survive, effective risk managers will prosper and risk averse are likely to perish. In the regulated banking environment, banks had to primarily deal with credit or default risk. As the economy move into a perfect market economy, it has to deal with a whole range of market related risks like exchange risks, interest rate risk, etc. Operational risk, which had always existed in the system, would become more pronounced in the coming days as we have technology as a new factor in today’s banking. Traditional risk management techniques become obsolete with the growth of derivatives and off-balance sheet operations, coupled with diversification. The expansion in E-banking will lead to continuous vigilance and revisions of regulations.

Alimentazione, salute e benessere del consumatore: da determinanti di scelta ad opportunitŕ di mercato

The main aim of this paper is to analyse how time has modified the concept of food safety risk for consumers, determining, both, new regulatory developments, particularly related to information and consumer protection, and new market opportunities that facilitate the introduction of innovative products, including functional foods. Subsequently the work provides a brief review of the literature on consumers attitudes towards functional foods as a preamble to the empirical part of the study, where the results of a direct survey are presented in order to offer some indications to developers and marketers as well as government bodies that are interested in designing consumer communication strategies and effective health programs. The final section concludes with a discussion of the implications of the results and suggests some future research avenues.

New product development and firm value in mobile handset production

We study the effect of new product introduction on firm value. Using a unique sample on mobile phone handset introduction by the 16 largest major handset manufacturers from 1992 to 2002, we distinguish between truly innovative product introduction and imitative product introduction. We find that while most product introduction is imitative, both types of innovation increase firm value. However, truly innovative innovation is found to increase firm value by more than imitative introductions.

The Current Debate About Section 2 of the Sherman Act: Judicial Certainty Versus Rule of Reason

This paper discusses whether section 2 has generated too much legal uncertainty (i.e., ex ante unpredictability) and, if so, how legal certainty can be increased. U.S. commentators and businesses have complained vociferously about the lack of predictable rules governing unlawful monopolization under section 2. Uncertainty is compounded by the use of juries where instructions have been severely criticized as not providing sufficient guidance to the lay members. A principal basis for concluding that uncertainty is a serious business problem is the intuition that enforcement of section 2 is chilling procompetitive (and consumer welfare enhancing) behavior like investment into and introduction of innovative products and services. There are numerous assertions to this effect but unfortunately few specific concrete examples have been offered. There appear to be few to no empirical studies that offer solid facts to provide a confident answer. However, the risk of a section 2 chilling effect on procompetitive business decisions and the potential for section 2 mischief is sufficient to warrant careful consideration of legal uncertainty even without detailed comprehensive empirical work. To increase legal certainty, assumptions and policy objectives should be reflected in specific clear legal rules as the Supreme Court did in Trinko when fashioning the rule on refusing to grant access to rivals. But this is certainly not always the case and the non-transparency of assumptions and policy objectives considerably lessens legal certainty under section 2 (and Article 82).

Forget the focus groups and Delphi studies

PurposeReviews the latest management developments across the globe and pinpoints practical implications from cutting‐edge research and case studies.Design/methodology/approachThis briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.FindingsThe introduction of innovative products into the marketplace has always been a risky business. Get it right and your product will become as ubiquitous as the cell phone. But get it wrong and your company's profit margin and reputation may both go into terminal decline. So how does a company make the right choices about developing and marketing products that are substantially different from those currently available?Practical implicationsProvides strategic insights and practical thinking that have influenced some of the world's leading organizations.Originality/valueThe briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy‐to‐digest format.

'Staying Within the Fence': Lifestyle Entrepreneurship in Tourism

Lifestyle, non-economic motives have been recognised as significant stimuli for tourism entrepreneurship and growth of the small-business sector. Tourism research, to date, has focused on the conceptualisation of entrepreneurship informed largely by economic analysis. In this context, the long-term survival of lifestyle entrepreneurs in tourism has been addressed as a constraint within regional economic development. Our research of an emerging cohort of lifestyle entrepreneurs in New Zealand tourism, focusing on the motivating values of these entrepreneurs, reveals that their often conscious rejection of economic and business growth opportunities is an expression of their sociopolitical ideology. Coincidentally, this rejection of an overtly profit-driven orientation does not necessarily result in financial suicide or developmental stagnation but rather provides opportunities to engage with 'niche' market consumers informed by values common to themselves within rapidly segmenting markets. Moreover, the research indicates that these lifestyle entrepreneurs are often instrumental in the creation and introduction of innovative products to the wider industry which are not only capable of articulating values common to the sustainability debate with respect to a sense of place and community, but also stimulate regional development and reproduction of niche market products.

Bioenhancement or playing God? Biotechnology and the future of food

The discussion about the appropriate use of biotechnology in the food industry has, during the past decade, extended beyond the possibilities provided by the science itself. Increasingly, the way forward for biotechnology is understood to be a response to what is described as ‘market pull’ (the extent to which product success is determined by a positive consumer response) as well as ‘science push’ (the introduction of innovative products into the marketplace as a result of technical innovation).