When a product reaches maturity or saturation, there are typically three common outcomes. The worst-case scenario is that the product's life ends as it no longer meets the market's needs or a contraction in the product's market occurs due to decreased demand. On the positive end, the product could undergo further development or innovation, introducing new features that lead to a stage of renewed growth, effectively extending the product's lifecycle.
How do you stay innovative and provide the right values for customers? Effective product development...
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