Flexibility is vital in responding to competitive threats and opportunities from "summary" of Competitive Strategy by Michael E. Porter
In today's dynamic and ever-changing business environment, the ability to adapt and respond quickly to competitive threats and opportunities is crucial for a company's success. Flexibility, therefore, plays a vital role in determining the outcome of competitive battles. Companies that are rigid and resistant to change are more likely to be caught off guard by competitors and miss out on potential opportunities for growth and expansion. Flexibility allows companies to anticipate and respond to changes in the market more quickly and effectively. By being flexible, companies can adjust their strategies, operations, and resources in response to new entrants, changing customer preferences, technological advancements, and other external factors that may impact their competitive position. This ability to adapt and evolve is essential for staying ahead of the competition and maintaining a strong competitive adv...
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