JUNE 2010
Trends In The Marketplace
Forging Ahead Despite A Weak Economy
Warren Buffett once said, “Be fearful when others are greedy, and be greedy when others are fearful.” Despite the fact that economic uncertainty remains, companies need not wait until the recession completely runs its course before getting back to growth activities. Now is the perfect time for companies to focus on growth plans.
Profitable, sustainable growth starts when you have a deeper understanding of customers’ needs than your competitors have. Consider this: The average hit rate for products under development is 1 in 4, which means too many companies are not using the right techniques to unearth true customer wants and needs. But no one can afford to introduce failed products these days. Rather than developing products that interest themselves, companies need to focus on their customers’ wants and needs.






