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It involves developing and introducing new products that can fulfill key customer needs better than currently existing products.
Similar(58)
Simply putting a small spin on a currently existing product (making blue Red vines or something like that) is not usually enough to build a business on, so push the envelope!
We find that the required bonus is quite high and more than what is currently promised by existing products.
Instead, there's "more likely to be a shortage of engineers" as R&D boom in Asia, he predicted, noting that much of the work currently sent overseas involves adapting existing products to new markets.
At GE the most important product is productivity making existing products better and cheaper.
Caregivers clearly state that existing products need improvement or have substantial potential to for improvement as potentially available functionalities are currently either not seen or of low effect.
-How will it improve upon an existing technology or existing products?
New inventions render existing products obsolete.
These are existing products.
Incremental product innovation INN4: Our new products differ slightly from our existing products.
So basically updates of existing products.
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