Wednesday Nov 27, 2019
The Power of Innovating on Unmet Needs
Innovation is hard. What is the hit-rate like for new products and services in your organization? If the track record is poor, then you may need to delve into the hidden drivers of behaviors in your target market.
Most innovation in Jamaica follows the same process. First, someone high enough in the company has a bright idea - a flash of insight. Their intuition tells them that there’s revenue to be made from customers who will willingly pay for a new offering.
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