Improvement of Existing Products
This includes, but is not limited to, improvements in functional characteristics, technical abilities, or ease of use. Product innovation often takes place when a product's sales are in decline. This is an obvious and commonly used method to extend the life of a product.
Read more about this topic: Product Innovation
Famous quotes containing the words improvement of, improvement, existing and/or products:
“They act as if they supposed that to be very sanguine about the general improvement of mankind is a virtue that relieves them from taking trouble about any improvement in particular.”
—John Morley [1st Viscount Morley Of Blackburn] (1838–1923)
“Unlike the normal pattern, I know I have grown more liberal as I’ve grown older. I have become more convinced that there is room for improvement in the world.”
—Walter Wellesley (Red)
“Webster never goes behind government, and so cannot speak with authority about it. His words are wisdom to those legislators who contemplate no essential reform in the existing government; but for thinkers, and those who legislate for all time, he never once glances at the subject.... Comparatively, he is always strong, original, and, above all, practical. Still, his quality is not wisdom, but prudence.”
—Henry David Thoreau (1817–1862)
“... white people, like black ones, are victims of a racist society. They are products of their time and place.”
—Shirley Chisholm (b. 1924)