Strategies for Increasing Business Competition Through Product Differentiation: A Review of Innovation Theory
- DOI
- 10.2991/978-94-6463-817-2_114How to use a DOI?
- Keywords
- Business Competition; Innovation; Product Differentiation
- Abstract
The digital era and the development of the times mean that businesses must continue to innovate in their product and strategy because business competition leads to global competition. Many companies do not survive because they cannot adapt to changes in customer preferences and market trends. This research describes the strategy of increasing business competition through product differentiation. This research uses a qualitative approach to the literature review method. The research data was collected through secondary data, and relevant research was identified through the research topic. Furthermore, the sources obtained from the literature were selected according to their relevance and quality. The research shows that the strategy of increasing business competition through product differentiation can be done by creating innovations by focusing on form innovation, features, work quality, conformity quality, durability, reliability, style, and design. The process of product differentiation carried out in a business needs to consider the risks that may occur, such as rejection from consumers, innovation costs that are not cheap, limited resources, and decreased profitability.
- Copyright
- © 2025 The Author(s)
- Open Access
- Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.
Cite this article
TY - CONF AU - Dhea Ramadhani Salim AU - Harry Ramadhani Hakim AU - Alsel Indi Orrico AU - Hamdan Ardiansyah AU - Cepri Maulana PY - 2025 DA - 2025/09/12 TI - Strategies for Increasing Business Competition Through Product Differentiation: A Review of Innovation Theory BT - Proceedings of the 9th Global Conference on Business, Management and Entrepreneurship (GCBME 2024) PB - Atlantis Press SP - 966 EP - 975 SN - 2352-5428 UR - https://doi.org/10.2991/978-94-6463-817-2_114 DO - 10.2991/978-94-6463-817-2_114 ID - Salim2025 ER -