need based innovation

How to Identify Needs for Innovation?

Identifying needs for innovation involves several steps:
Market Research: Conduct thorough market research to understand the pain points and challenges faced by potential customers.
Customer Feedback: Engage with customers through surveys, interviews, and focus groups to gather direct feedback.
Observation: Observe the market and industry trends to identify gaps and unmet needs.
Competitive Analysis: Analyze competitors to understand what needs they are failing to address.

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