what is a Breakthrough product?
A breakthrough product refers to a new and innovative product that represents a significant advancement or departure from existing products in the market. It often introduces novel technologies, features, or functionalities that set it apart and may even redefine an industry or create a new market segment.
Breakthrough products are characterized by their ability to solve problems in a revolutionary way, meet unmet needs, or provide superior performance compared to existing alternatives. These products can disrupt traditional markets, change consumer behavior, and have a profound impact on the industry they belong to.
The term “breakthrough” implies a notable leap forward, and breakthrough products often involve advancements in technology, design, efficiency, or other key aspects that make them stand out. Companies that successfully develop and bring breakthrough products to market can gain a competitive edge and achieve significant success. Examples of breakthrough products in various industries include the iPhone in the smartphone industry, Tesla’s electric cars in the automotive industry, and CRISPR gene-editing technology in the biotech