Businesses that fail to anticipate inflection points may face significant challenges. They could become outdated, lose their competitive edge, or even go out of business. They may miss out on new opportunities and fail to adapt to changes in the market. This could lead to a decline in their market share, profitability, and overall business success.
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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 They destroy existing businesses and outdated technologies while creating vast new entrepreneurial opportunities.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.