<ul><li>Navigating market saturation poses unique challenges for product managers, such as standing out in a crowded marketplace, creating new demand, and price competition.</li><li>Market saturation often occurs due to increased competition, market maturity, changing consumer behavior, and economic factors.</li><li>Strategies that help overcome market saturation include innovating and differentiating, targeting a niche audience, and using value-based pricing.</li><li>Examples of successful companies in saturated markets include Apple's iPhone and Tesla in the automotive industry.</li><li>Practical tips for product managers navigating market saturation include listening to customer feedback, embracing agile methodologies, and knowing when to shift resources to more promising areas.</li><li>Staying committed to understanding customer needs and having the flexibility to pivot are essential to turning market saturation into an opportunity for growth.</li></ul>

Navigating market saturation as a product manager

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