Responding positively to a changing environment

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When a new technology comes along that is capable of improving dramatically the products of a whole industry, every firm in that industry has vital strategic decisions to make. It must ask itself: How far and how quickly should we amend or abandon our present products?How far and how quickly should we embrace the new technology?Are we big enough and capable enough to accomplish all the essential changes on our own?How can we come out of this time of change stronger than we went in?Once taken, these…

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