Product Orientation
Product
orientation
is
often
about
innovation
or
know-how
or,
as
my
best
Chinese
friend
Victor
in
Xiamen/China
once
said
to
me,
"upgrading
the
product".
This
strategy
aims
to
further
improve
existing
products
or
develop
new
products
to
solve
existing
problems
or
keep
up
with
the
competition.
In
product
orientation,
company
leaders
focus
heavily
on
product
features
and
benefits.
For
example,
a
company
that
sells
toothpaste
might
constantly
search
for
better
formulas
for
the
composition
that
makes
teeth
appear whiter, strengthens gums, is gentle on the oral mucosa, and also guarantees fresh breath for a long time.
These improvements allow the company to stay ahead of the competition and maintain its position in the market.
In
other
words,
product-oriented
strategies
focus
on
customer
satisfaction,
feedback
and
newly
identified
needs.
The
company
regularly
surveys
existing
customers
and
seeks
out
new
focus
groups
to
find
out
what
makes
customers
happy.
By
satisfying
specific customer needs, the company develops strong trust and customer loyalty.