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Some industries that have successfully reduced efforts in long-standing competitive factors include the automobile industry, which has streamlined production processes to reduce costs; the technology industry, which has leveraged automation and AI to reduce human effort; and the retail industry, which has shifted to online platforms to reduce the need for physical stores.
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What’s the best way to turn business challenges into strategic opportunities? With a structured case study, consultants and project teams can follow e...
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It's important to understand which of these factors has the industry been competing on for a long time. Because those are the efforts you'd want to "eliminate" or "reduce". On the other hand, differentiate yourself in underserved areas. Allocate more resources to "raise" or "create" more values in these factors.
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