What does the adaptation strategy involve?

The adaptation strategy focuses on making enhancements to existing products to better meet user needs, increase satisfaction, and strengthen market position. By improving existing products, companies can address challenges more effectively, capitalize on market trends, and respond to customer preferences, leading to a better competitive advantage. This process encompasses various aspects, such as refining features, upgrading technology, and modifying designs to resonate with the target audience.

The other options present approaches that do not specifically align with the core of the adaptation strategy. Drawing insights from unrelated fields emphasizes innovation and creativity in a broader sense. Seeking regulatory approval is a formal procedural step that may apply to specific industries but does not represent the essence of product adaptation. Ignoring market feedback clearly contradicts the principles of adaptation, which relies on understanding and responding to customer input to drive improvements.