Creation of a New Marketplace
Science. Business. Society., Vol. 5 (2020), Issue 3, pg(s) 96-99
Creating a new marketplace requires a different template of strategic thinking. Instead of searching within the accepted boundaries that define how we compete, managers can look systematically on them. In addition, they can find a free territory that represents a real breakthrough in value. This section will describe how companies can systematically follow the value of innovation by looking at the defined limits of competition – through alternative industries, through strategic groups, through customer groups, through complementary products and service offerings, through the functional – economic guidance of the industry, and even over time.