Product innovation, a solution to overcome crisis?

[saneschool]

The recent economic instability in the world has affected every being in someway,which has led to a decrease in consumer demand. In such a case, retailers and manufacturers of consumer goods across the globe face the biggest challenge of attracting consumers.

Do you think, innovative global brands like Apple, P&G, Cisco will still continue to rule the markets?

 

[kartik]

As they say, necessity is the mother of all invention.<br><br>Innovation is required today more than ever and global as well as local companies will strive for better products, cost effective alternatives and excellent deliveries.<br><br>Global brands have better economies of scale so it is very un-ordinary for global players to lose.<br>

 

[bhautik.kawa]

The recent economic instability in the world has affected every being in someway,which has led to a decrease in consumer demand. In such a case, retailers and manufacturers of consumer goods across the globe face the biggest challenge of attracting consumers.

Do you think, innovative global brands like Apple, P&G, Cisco will still continue to rule the markets?

Hi,

Here i am uploading Impact of economic crises on the development of innovation and entrepreneurship. Please check attachment below.