Final answer:
The statement regarding the six-month project delay and subsequent loss in product revenue share is true. Delays can lead to significant revenue loss due to competitors capitalizing on the gap and evolving customer needs. Furthermore, inventors often receive only a portion of the total economic benefits from innovations.
Step-by-step explanation:
The statement that a six-month project delay can result in a 33 percent loss in product revenue share is generally true. In high-tech product development, time-to-market is crucial since products have a limited lifecycle and face rapid obsolescence. A delay in getting a product to market can significantly decrease its potential revenue as competitors may capitalize on the gap, and customer needs may evolve beyond the product's specifications.
Additionally, various studies indicate that the original inventor often captures only a fraction of the total economic benefits from innovations, with a significant share going to other businesses and the users of new products. This underlines the importance of timely development and launch to maximize the return on investment for inventors and companies. The design process is also critical, as early poor decisions can lead to an inadequate product that fails to meet consumer demands, thus eroding potential profits.
Despite the promise of innovation, many inventors find that their products yield less profit than anticipated. This underscores the competitive and unpredictable nature of the market, where not all investments lead to significant financial returns, particularly if there are significant delays or missteps in development.