Adrian Payne has been one of the business management authorities who have persisted with theories of how services, rather than tangible product features alone, define sustained market place success. Controversies over the business segment of personal locators provide interesting case studies of how customer integration can make or break new technologies. The subject is also a useful basis for stock investors to forecast how Location Based Technologies Inc. (OTCBB:LBAS) may perform in future.
Criticism that personal locators are little more than extravagant pet-care fads deserves to be dismissed out of hand. Children, adventure travel enthusiasts, and victims of Alzheimer’s are prime examples of the serious social relevance of the technology Location Based Technologies Inc. (OTCBB:LBAS) offers. However, cellular telephony is at least as relevant as personal locators for modern living, so how do we know if the LBAS management can generate sustained profits from their business line? Excellence in integrating customer needs with business development processes could be an answer.
Location Based Technologies Inc. (OTCBB:LBAS) has leveraged its first mover advantage with a winning name. It will be tough for copy cats to match PocketFinderTM. The management has announced product upgrades that will enable subscribers to measure the force of impacts on people and pets who wear the personal locator devices. This can be used for signs of accidents which can result in unconsciousness and threats to lives. That surely meets an express need of care givers everywhere. PocketFinderTM is water-proof, and almost indestructible. The device works on all major wireless telecommunication networks-at least in the United States.
PocketFinderTM from Location Based Technologies Inc. (OTCBB:LBAS) could be the next ‘Xerox’ of our brand name dominated world.
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