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Some successful strategies businesses have used to navigate inflection points include: staying abreast of technological changes and trends, adapting to regulatory changes, understanding demographic shifts, and being open to new entrepreneurial opportunities. It's also crucial to spot these inflections early to create a strategic advantage for the organization.
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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 They destroy existing businesses and outdated technologies while creating vast new entrepreneurial opportunities.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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