Transformational changes in the business world often involve a shift in business strategy, the introduction of breakthrough products, or entry into new markets. For instance, Facebook's rebranding to Meta represents a transformational change, as it signifies the company's shift in focus towards developing the metaverse. Another example is Apple's introduction of the iPhone, which not only transformed the company but also the entire mobile phone industry. Similarly, Amazon's expansion from an online bookstore to a comprehensive e-commerce platform and cloud services provider is another example of a transformational change.
Without adequate innovation, you risk falling behind in even what you do well. So how can an organiz...
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