The Importance of Advancing, Updating, and Evolving Products for the Success of a Company Essay

There are roughly 45,000 formal companies across the world, but the most successful companies, are those that appeal to their consumers, and continue to advance their technology, and or product(s). If a company wishes to have success, it must continually adapt and evolve to meet consumer desires and needs, and keep up with their competition. Some may argue that a company does not need to change and evolve in order to be successful, but by taking a look at companies in society, that argument is invalid. Societal trends show that consumers are always searching for the newest, and the best product available on the market. There have been many examples in recent times in which a company has quickly fallen off of the map after their product has been released, due to a lack of development in the product. Consumers often quickly become bored of company products if they become outdated. The recent downfall of the mobile application, Pokmon Go, is an example of what happens when consumer desires are not met, and companies do not evolve and update their product. Pokmon go took the world by storm last summer, but has recently fallen off of the map. When the application was released, users across the world were obsessed, but they quickly became bored because the lack of updates, and developments to the app. Not only did the app not continually update to please its users, it actually took away some of the most popular features, causing many users to turn away from the app. Niantic, the company behind Pokmon Go, is just one of the many companies that have experienced this downfall in success, due to a lack of consumer satisfaction.The companies that are most dominant in their respective fields, are those that have, and continue to expand their product to adapt to the changing times of society, and the desires and demands of their consumers. Volkswagen, the Fortune 500s seventh largest company in...

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