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Companies might face several obstacles when applying the concept of Product System innovations. One potential obstacle could be the complexity of integrating different products and services into a cohesive system. This could be overcome by investing in robust project management and system integration capabilities. Another obstacle could be resistance from customers who are used to standalone products and might be hesitant to adopt a system-based approach. This could be overcome by effective communication and demonstrating the added value of the integrated system. Lastly, there could be internal resistance within the company due to the change in business model. This could be overcome by strong leadership and change management strategies.
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Product System innovations make the customers think that they need extra or additional components to perfectly complement what they are already enjoying. This type of innovations is rooted in how individual products and services connect or bundle together to create a robust and scalable system. It is a way to create valuable connections between otherwise distinct and disparate offerings.
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Stop wasting your time on brainstorming sessions that only improve upon existing offerings marginally. Based on exhaustive case studies and research o...
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