The Role of Innovation in Creating a Position of Market Dominance

Michael Barbarita • August 16, 2024

Innovation is often the key to developing a truly powerful Position of Market Dominance. To stand out, you may need to create new solutions or approaches that address customer needs in ways your competitors haven't considered. This doesn't always mean inventing new products - it can involve innovative service models, unique combinations of existing offerings, or creative problem-solving approaches. By thinking outside the box and being willing to challenge industry norms, you can create a PMD that truly sets you apart and makes your business the obvious choice for your target market.

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