Innovative product development strategies revolutionize high-tech market competition.
Developing innovative products based on customer preferences and using advanced technologies is crucial for companies in the high-tech market to increase market share and sales growth. The strategies outlined in the article focus on different levels of product improvement, scope of product change, and speed of product change to help organizations design products that meet customer expectations. By analyzing the competitive market conditions, companies can better understand their strengths and target customers, leading to more effective product development.