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Technological changes can lead to strategic inflection points by altering the fundamental dynamics of a business or industry. This can occur when a new technology makes existing processes or products obsolete, or when it creates new opportunities that were not previously possible. These changes can disrupt existing businesses and create new opportunities for entrepreneurs. It's important for businesses to anticipate these inflection points and adapt their strategies accordingly to maintain a competitive advantage.
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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 They destroy existing businesses and outdated technologies while creating vast new entrepreneurial opportunities.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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