![]() By being aware of the problem and taking steps to avoid it, you can increase your chances of success when starting up your own company. There are many companies that have successfully avoided it and gone on to become leaders in their industries. This means that you should focus on creating a superior product or service that meets the needs of your target market.įinally, it is important to remember that the Innovator's Dilemma is not an insurmountable problem. ![]() In many cases, it is more important to be the best than to be first. It also means being willing to pivot your business model if necessary.Īnother important thing to keep in mind is that you don't have to be first to market with a new product or service. This means being open to new ideas and willing to experiment with different approaches. One of the most important things is to be agile and flexible in your approach to starting up. The good news is that there are ways to avoid the Innovator's Dilemma. This can lead to the company missing out on new opportunities and eventually losing market share. The problem is that the company is usually so focused on its current customers and business model that it is resistant to change, even when the market is clearly moving in a new direction. The Innovator's Dilemma is a well-known problem that companies face when they are trying to bring new products or services to market.
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