You are the ceo of a multi-million dollar merchandising company. one of your product managers has informed you that the chairman of the board of directors has asked to meet with him to discuss possible revisions to packaging of the company's most successful product. what should your reaction be?

Lillypad toys is a manufacturer of educational toys for children. six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. what should lillypad's managers prepare for next? a. increased competition from imitators b. a prolonged period of uncontested success c. a sharp decline in demand for the product d. a difficult struggle to move from invention to innovation