The idea that an existing company might have a difficult time developing a new product for a new market because it listens closely to current customers is known as

Question

Quizplus · Accepted Answer

The tyranny of the current market refers to the situation where a company becomes so focused on meeting the needs and wants of their current customers that they fail to recognize the potential of new markets or new products. This can make it difficult for them to develop a new product that appeals to a different market, as they are stuck in their current way of thinking and meeting the needs of their current customers. Conjoint analysis, policy capturing, first-mover advantage, and the S curve are all different concepts that do not specifically address this issue.

The Idea That an Existing Company Might Have a Difficult