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Sustainable Product Innovation by Dariush Rafinejad

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INTRODUCTION

Product Innovation and Human Well-being: A Historical Perspective

Products aim to improve the quality of life and human well-being. Since the Industrial Revolution and through multiple business cycles, the realization of new products has accelerated and significantly improved human productivity, mobility, and communication. New energy sources have been harnessed, and automation technologies have been substituted for manual labor. Products of mobility such as cars and jet planes have enabled previously unattainable economic activities on a global scale. Communication products such as phones and the Internet have lowered transactional costs and provided ubiquitous access to low-cost information. In addition, innovation in making new ...

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