Remove Books Remove Marketing Remove Product Development Remove Roadmap
article thumbnail

The Myth of the First-Mover Advantage: Why to be Smarter, Not Faster

New Markets Advisors

They want to fail quickly, pivot, and be first to market with their new idea. Since pioneering the app-based ride hailing market, Uber has been bombarded with other companies trying to offer similar services or address niche markets that are under-served by Uber. has struggled to gain even one-third of the market.

article thumbnail

How to be More Agile as Competitive Advantages Fade

New Markets Advisors

Facebook continues to hold nearly 20% of the digital ad market while Facebook-owned Instagram (5%), Twitter (1%), and Snapchat (1%) lag behind. This is especially true in industries with long product development timelines. Dave Farber is a strategy and innovation consultant at New Markets Advisors.

Agile 40
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Five Ways to Fight the Inertia Holding Back Innovation

New Markets Advisors

As companies get complacent and settle for incremental innovations, they risk losing large swathes of their customers as markets shift and new entrants offer real value. They think that if they can get enough awareness about their products, they’ll be able to unseat the industry giants. electric toothbrush market.

article thumbnail

The 10 Reasons People Buy New Products

New Markets Advisors

a theory that describes how consumers buy products to solve various jobs they’re trying to get done in their lives. I advocate for developing a rich understanding of consumers that allows companies to build successful products and market them in the right way. The global wellness market is large and growing.

article thumbnail

Why Innovation Isn’t Everyone’s Job

New Markets Advisors

Dave Farber is a strategy and innovation consultant at New Markets Advisors. He helps companies understand customer needs, build innovation capabilities, and develop plans for growth. He is a co-author of the award-winning book Jobs to be Done: A Roadmap for Customer-Centered Innovation.

article thumbnail

What is innovation management and why your organization needs it

hackerearth

An innovation process “connects upstream idea valuation to downstream production and release to market.” For instance, an emerging business is likely to be focusing on one main product, unlike a mature organization that is looking to fortify its position in the market or find new, disruptive innovations. Decreases costs.

article thumbnail

What is innovation management and why your organization needs it

hackerearth

An innovation process “connects upstream idea valuation to downstream production and release to market.” For instance, an emerging business is likely to be focusing on one main product, unlike a mature organization that is looking to fortify its position in the market or find new, disruptive innovations. Decreases costs.