How often should you innovate your products?

[chicnthin]

Innovation plays a big role on business' success as it always offers something new. Cellphone brands are always in stiff competition because each phones always release new units every year with cool features. For instance, the apple & samsung competition and many other brands.

 

[Pirate]

I think innovation should a yearly or quarterly something, you know, something that everyone is expectant of like the example of Samsung and iPhone you gave. People are always waiting for the next product in the series, so it should be something given enough time to entice and capture the interest of customers.

 

[WhiteHouse]

Innovation is extraordinarily misrepresented and pushed by individuals who need comprehension of how advancement functions and its dangers. Most importantly, I don't figure organizations should be innovative, yet center around being versatile. Development implies making the new and novel, yet transformation implies changing to meet conditions. Indeed, that change can mean advancement, however it isn't needed.

 

[Seun4luv]

How often should you innovate your product? Well as business is concern you need to innovate your product always and everytime why is that in business you have alot of competitors.

 

[Ridorz]

Yes, innovation is very important and imperative things that must be considered to do in any kind of business. You must be innovating you business if you want to keep selling because there are many competitors that realdy to overtake you by introduce new ideas to their business if you not.

 

[Ojonuyo]

Frequently and regularly. If you feel innovating your products will bring more sells for you then you should go ahead and innovate. Ensure you recent innovation has positive impact on the life of your customers.

 

[giddy]

Many people don't even know exactly what business innovation means
According to Business Dictionary, “product innovation” is defined as “the development and market introduction of a new, redesigned, or substantially improved good or service.” It’s not only about developing something new and original, it’s also about taking what’s already there and making it much better. In other words, not everyone has to be the first to invent driverless cars, but someone has to be the first to make them better

 

[Damismiling]

Innovation should be regularly and more consideration must be given to it. You must improve on your products on a daily basis, bring in more things that will keep your customer and what can embrace new customers

 

[Sariana23]

In my opinion, products should be innovated depending on the clients, they are the guide for many actions within a company. Since when the sales of a product drop to a percentage or when they begin to ask for improvements or functionality, it is time to present what has been innovated.

 

[Tariq Shehzad]

The product, that is alredy used by the customers and consumers should be according to there needs and requirement. The products should be innovative and modern compliance to the times.
Like a laptop, it should be innovatice according to the needs.

 

[Ralphjoe]

Companies should consider innovation in their products when they see that the product that has been in high demand for a long time suddenly starts dropping in demands for it, at this point, the organization should do a research on how to improve the product to suit a more purpose than it currently serves.

 

[Sincerem]

It's good to innovate new ideas to continue on launching new and future tending to the earth scene. Without the power of innovation new tech we are seeing today, wouldn't have been around. It is the help of creative and innovative individuals that invented such technologies that made life easier to live. We are looking for more tech saavy to help in innovating and developing new techs.

 

[Donkiz]

This depends on the type of product, the timeline for innovating product A might not be the same for product B due to their unique characteristics. It's always advisable to release a new version of a product into the market once you notice that the previous one is becoming saturated, or you can make the release of an innovated version of your product an annual or bi-annual event.

 

[Adexgrace]

Innovation is simply bringing new ideas that will increase performance and customer satisfaction . innovatiion is needed to keep the school running,. Invitation helps to understand what more can be added to the business for more profits

 

[Erik4150]

Innovation is just the creation and development of new ideas for a product. Innovation can be done anytime you want to make your business a lot better. Innovation is also important if you want to get ahead of your competitors in the market.

 

[Aqsa Shahid]

Innovative is very important in a business as it attracts the attention of customers. It also depends upon the trend going or likes and dislikes of people as samsung & iphones are the priorities of people now a days. I am a cosmetic seller and i used to innovate my product's collection according to the needs of my customers.

 

[Alexandoy]

This topic is only about the manufacturers because if you are a seller then you have no control on the products that are coming out in the market. But perhaps you can ride on with the innovation by selling the new products. Innovation is most common in laundry soap. I have noticed their tagline changing every year like New Super Soap and the next year it will be Improved Soap and then Super Strength Soap and any other adjective that they can think of. Even if it is only the tagline but still that is an innovation.

 

[Richard92]

It all depends on the owner of the business, according to my own opinion you can innovate your products every year, this because people like changes and verities, as they say, "verities is the spices of life" . You must innovate your products for them to maintain their position in the the market.

 

[Josemendez]

Innovation plays a big role on business' success as it always offers something new. Cellphone brands are always in stiff competition because each phones always release new units every year with cool features. For instance, the apple & samsung competition and many other brands.

I think one should be able to work on innovating his product on regular basis in order to be able to meet up with the competition in the market.
One can form the habit of using surveys in order to know the area to improve on

 

[MastetG]

Innovation should be done when the originality of a product is fading away
Product innovation is important because it can help you create new spaces in a seemingly crowded market. By identifying the gaps and imposing yourself into a new space, you can find an audience and satisfy consumer needs in a way that is new and refreshing.