Science. Business. Society.
Vol. 5 (2020), Issue 3, pg(s) 96-99

BUSINESS

Creation of a New Marketplace

  • 1 High Business School of Professional Studies "Čačak", Belgrade, Serbia
  • 2 University Union - "Nikola Tesla", Faculty of Applied Sciences, Niš, Serbia
  • 3 University Union - "Nikola Tesla", Faculty of Economics and Finance, Belgrade

Abstract

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.

Keywords

References

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