Business Quote by W. Chan Kim
““In a study of business launches in 108 companies, we found that 86% of those new ventures were line extensions—incremental improvements to existing industry offerings—and a mere 14% were aimed at creating new markets or industries.””
About This Quote
Source Research Study: Business Launches, 2015
Most new ventures improve existing products; few create entirely new markets.
In simple terms: New businesses often extend current offerings.
Key Takeaway
Focus on innovation beyond incremental change.
Themes
business strategy
innovation
market creation
Mood
strategic
forward‑looking
Type
analytical
inspirational
When to use this quote
- product development
- strategic planning
- venture funding
Key Concepts
incremental improvement
disruptive innovation
entrepreneurship
Questions to Reflect On
- What market gaps can you identify?
- How can you foster breakthrough ideas?
A Different Perspective
Risk of neglecting core competencies.
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![“If the State does not acquire supremacy over [vast private] enterprises, it becomes their puppet, and they become the real State.” quote by Bertrand Russell](https://sms4smile.com/quotes/img-quotes/bad/bertrand-russell-69_acquire_if-the-state-does-not-acquire-supremacy_1379.jpg)
