أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.
I think it is a natural that if some thing of any company is being saled in huge quantity the other owners or manager also thaught like so " If other company's product is winner why not our's". So thay thing so and start same product (they become the bagers of same line). Another trend is to steel the technology these companies steel technology from each other in the shape of manpower or machines and in this way find the way of savings.
Any how none of any owner or manager mind my thoughts because may I do so when I reach at there level.
Because developing new products requires anticipating their customers’ wants and needs which in turn ask for an investment to have onboard a very proactive Marketing and R&D Teams. Perhaps small and medium size companies are reluctant for such investment and their exective managment is lacking the vision
People in arab are hurry to survive in the same product and same market becuase they sure know that insted of teaching new product selling and buying technics to salesmen, customers they can grab the existing market. But this concept cannot run for years instead we must do some new add on products and try to teach the product selling and buying skills to employee as well as the customer then we can survive in the current and competitive market.
I believe that the main reason for this is that the region is mostly composed of cosumers rather than producers and even the producers are mostly assemblers rather than manufacturers.
On the other hand "invention" requires an infrastructure composed of education systems, research capacity, and manufacturing capcities. All these parameters are required together and some of them will not be enough. For example, there are peopel from the region who particiapte in the innovations realized in other regions. If brought back they will not perform due to the lack of the other components of the infrastructure.
In my point of veiw i think it refer to only one reason (( Cash avialable )) meaning money is talking if the company have cash flow then it can not only make goods or service but also have money of how to create new line in the market or adding new idea as well.
I do not believe that there is no invention of new strategy or product line introducing in the arab market. Recently itself, there are more coorporates started investing in Arab countries and when there is foreign investment, then there begins the new ideas, methodology and strategies penetrate the market and which in turn compels the local companies to implement new method of sales. As of now, within the market constraints the sales and marketing methods are being implemented. Few years back there was no sms promotions, e-mail marketing, etc, offers and promotions, but now it started rolling just because of new inventions coming in.
Demostic economy needs if u want to gain good rate of returns
Leadership issue
New products means new market with new customers, needs a time to gain profits with high risk .all of this makes small and medium co. used to deal with a same products.
Inventing new products means taking risk and if failed costs lots of time also lots of Fund.
also i dont see any motivation or support from investors or companies for inventing new products.
Lack of leadership with vision and creativity
