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Some examples of strategic inflection points in recent business history include the advent of the internet, which disrupted many traditional business models and created new opportunities for e-commerce and digital marketing. Another example is the introduction of smartphones, which revolutionized the way people communicate and access information, leading to the rise of mobile apps and services. The recent global pandemic can also be considered a strategic inflection point, as it has forced many businesses to adapt to remote work and online sales.
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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 They destroy existing businesses and outdated technologies while creating vast new entrepreneurial opportunities.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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