摘 要: | The traditional way to innovate is to carve a specialized niche. Some building contractors specialize in renovating nineteenth-century homes. Lawyers practice trade law, criminal law, family law, labor law, immigration, copyright, or libel. Doctors can be ear-nose-throat specialists, gerontologists, or pediatricians. Specialization is efficient; specialists do their.jobs faster because they know them better than nonspecialists. And a niche is usually more profitable than the mass market from which someone sliced it. The trouble with a niche is that when competitors recognize it's profitable they rush in.
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