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Businesses can use strategic inflection points to disrupt their competitors by identifying these points early and adapting their business strategies accordingly. This could involve adopting new technologies, adjusting to new regulations, or catering to demographic changes. By doing so, they can gain a competitive edge, potentially rendering their competitors' technologies or practices obsolete. It's important to note that these inflection points often don't occur suddenly, but are the result of gradual changes over time.
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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 They destroy existing businesses and outdated technologies while creating vast new entrepreneurial opportunities.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.
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How can you foresee new growth opportunities and take advantage of the next inflection point? Distilled from decades of consulting expertise on innova...
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