Yoking Technology with Market Opportunities

Developing new products that cost less or perform better has always been crucial for any technically based company. In our increasingly turbulent business environment, developing the know-how to keep pace with or even ahead of technological developments and competitors’ moves is more important than ever for several reasons. First, exploding technology is spawning new products and processes at an accelerating rate that threatens almost every product and process in place. Second, competition continues to intensify from abroad and a plethora of new startups and many substitute technologies that encroach on established products and processes. Third, product innovations that result in superior performance or cost advantages are the best means of protecting or building market position without sacrificing profit margins. This is especially true in today’s world when many industrial markets are flat or slow growth and excess capacity is commonplace.

My Consultancy–Asif J. Mir – Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please visit www.asifjmir.com, Line of Sight

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