When comparing patterns of product and process innovation, what pattern is commonly observed?
Process innovation occurs randomly at any stage of product development, but product innovation usually occurs early in the life cycle of a product
Process innovation generally precedes and enables product innovation
The timing of product and process innovations is completely random and unrelated
Product innovation usually occurs early in a product’s life cycle, and process innovation peaks later when as a product matures Product innovation and process innovation occur at simultaneous times and rates.