Adapting to changing market conditions from "summary" of The Innovator's Solution by Clayton Christensen,Michael Raynor
To succeed in the fast-paced world of business, companies must be able to adapt to changing market conditions quickly and effectively. This means being able to identify shifts in customer needs and preferences, as well as changes in technology and competition, and then adjusting their strategies and offerings accordingly. One of the key challenges in adapting to changing market conditions is the need for companies to balance their existing business with the development of new growth opportunities. This can be particularly difficult for established companies with successful products or services, as they may be reluctant to cannibalize their own business in pursuit of new opportunities. However, failing t...
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