In fastchanging industries, adaptability is key to survival from "summary" of The Innovator's Dilemma by Clayton Christensen
In industries that are rapidly evolving, the ability to adapt is crucial for a company's survival. This is because fast-changing industries present new challenges and opportunities that require companies to continuously adjust their strategies and operations in order to stay competitive. The pace of change in these industries is often driven by technological advancements, changing customer preferences, and shifts in the competitive landscape. Companies that fail to adapt to these changes risk being left behind by more nimble and innovative competitors. This is because the strategies and business models that have historically made companies successful in these industries may no longer be effective in the face of new challenges and opportunities. As a result, companies must be willing to embrace change and take risks in order to thrive in fast-changing industries. Adaptability is key to survival in fast-changing industries because it allows companies to respond quickly to new opportunities and challenges. This requires a willingness to experiment with new ideas, technologies, and business models, as well as a willingness to learn from failure and iterate o...
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