{"id":3838,"date":"2024-04-03T20:07:27","date_gmt":"2024-04-03T20:07:27","guid":{"rendered":"https:\/\/mpr-labs.com\/?p=3838"},"modified":"2026-02-25T10:47:23","modified_gmt":"2026-02-25T10:47:23","slug":"innovations-in-cosmetics-is-it-possible-to-invent-something-new-anymore","status":"publish","type":"post","link":"https:\/\/mpr-labs.com\/en\/innowacje-w-kosmetykach-czy-da-sie-cos-nowego-jeszcze-wymyslec\/","title":{"rendered":"Innovation in cosmetics - can anything new still be invented?"},"content":{"rendered":"

When talking about innovation, it is worth starting by defining the term. In common parlance, it is often used to refer to a new product. However, according to the definition of one of the world's greatest economists, Joseph A. Schumpeter, it is a much broader concept. He developed a model in the middle of the 20th century where the innovation in question represents a certain basic phenomenon that is responsible for economic development. He explained it as a combination of capital and the means of production, encompassing the following five categories:<\/p>\n

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  1. introduction of a new product (introduction of a new good, service, etc., with which customers have not yet been familiar),<\/li>\n
  2. introduction of a new way of making a product (implementation of a new production method not tried and tested in the industry in question),<\/li>\n
  3. the opening of a new market (where the domestic industry in question had not previously existed - regardless of whether the market existed previously or not),<\/li>\n
  4. the acquisition of a hitherto unknown source of raw materials or semi-finished products (regardless of whether the source already existed or was newly discovered),<\/li>\n
  5. the creation of new market structures in industry (for example, the implementation of a new way of organising a particular industry).<\/li>\n<\/ol>\n

    Despite the fact that this economist, lived at the time of the greatest industrial change to which he related the principles discussed, I believe that his model is universal and that it also translates to today's cosmetics industry.<\/p>\n

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    Table of contents:<\/p>\n