Businesses can prepare for the unexpected changes brought about by strategic inflection points by staying informed about the latest trends and changes in their industry. This includes technological advancements, regulatory changes, and demographic shifts. They should also be flexible and adaptable, ready to pivot their strategies and operations when necessary. Regularly reviewing and updating their business plans can also help them stay prepared for any potential inflection points.
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A strategic inflection point is a change in the environment that shifts the very fundamentals of business. Inflection points can be caused by factors like technological change, regulation, and demographic change. They destroy existing businesses and outdated technologies while creating vast new entrepreneurial opportunities. While inflections may appear sudden, they have been gestating for a while. Read on to learn how to spot inflections early and create strategic advantage for your organization.