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Business of Innovation by Russell Radford, Roger Bean

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CHAPTER TEN

COPING WITH SERENDIPITY

SOME YEARS AGO, IN JAPAN, the then–general manager of new product development with the Polaroid Corporation noticed the popularity of small photo booths, packed with teenagers seeking the small photographs the booths produced. He proposed that Tomey, a Japanese toy manufacturer and Polaroid customer, produce a small pocket camera aimed at the teenage market.

Many Polaroid engineers had strong objections to the project. It was a struggle, developing and introducing the Pocket Camera. Many engineers thought it was beneath them and their exalted image for technical excellence. These engineers doubted that such a low-end product—a low-priced, low-tech camera, with marginal picture quality, and aimed at a new market ...

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