Dave Pollard offers a good article on his blog concerning business innovation. The focus of the article is finding a need and filling it. Pollard provides 4 useful criteria for successful products and services:
1) They fill an unmet business, social or consumer need.
2) The enterprise understood why the need wasn't already being met, and overcame those obstacles.
3) The enterprise has the competencies to effectively create and deliver offerings that fill that need.
4) The enterprise has the resources to bring those offerings to the marketplace.
Read more at the "How to Save the World" blog.
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