How do you prioritize which innovations to pursue in order to best meet the needs and expectations of your customers, while also staying ahead of the competition?
Prioritizing innovations involves understanding customer needs and expectations through market research and feedback. It is important to focus on innovations that address key pain points or provide unique value to customers. Additionally, staying ahead of the competition requires monitoring industry trends, benchmarking against competitors, and being agile in adapting to changing market dynamics. By balancing customer insights with competitive analysis, businesses can prioritize innovations that drive growth and maintain a competitive edge in the market.
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