Innovation Theory
The study of how new ideas, products, and processes are developed and brought to market.
The study of how new ideas, products, and processes are developed and brought to market.
A principle that suggests the simplest explanation is often the correct one, favoring solutions that make the fewest assumptions.
The tendency for people to pay more attention to items placed in the center of a visual field.
A psychological phenomenon where people develop a preference for things simply because they are familiar with them.
Zero Moment of Truth (ZMOT) is a concept in marketing that refers to the point in the buying cycle when the consumer researches a product before the seller even knows they exist.
A principle often used in behavioral economics that suggests people evaluate options based on relative comparisons rather than absolute values.
A cognitive bias where people overestimate the importance of information that is readily available.
A scheduling term that indicates a delay in the project timeline that cannot be recovered.
A cognitive bias where people prefer the option that seems to eliminate risk entirely, even if another option offers a greater overall benefit.