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Companies have become so globally-oriented, and create so many products and services, that there are no...

Companies have become so globally-oriented, and create so many products and services, that there are no new markets or products left to develop. How would you respond to such a claim?

business   Operations-Management   
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Answer #1

This statement cannot be agreed. Due to globalisation international trade relationship become much more stronger and faster. This also helps in sharing technologies and knowledge. People who are innovative and well aware of customer needs can find many product in the new development segment. Mobile application is an example of this . Nowadays many kore digital technologies hitting the market and making revenue through inteligent thoughts and advanced technologies. Thus there are lot of scope of development existing in market which is all about identification of those and develop new ideas which can create a niche market segment.

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