What are some case studies on adaptability in businesses?
An example of an AI chatbot conversation about case studies on adaptability in businesses.
What are some case studies on adaptability in businesses?
One notable case study is Netflix, which transitioned from DVD rentals to streaming services, adapting to changing consumer preferences.
Can you give me another example?
Sure! Kodak is a classic example; they failed to adapt to digital photography despite inventing the first digital camera.
What lessons can businesses learn from these cases?
Businesses can learn the importance of innovation, understanding market trends, and being willing to pivot their business models.
Are there any recent examples of adaptability?
Yes, companies like Zoom and Peloton rapidly adapted their services during the pandemic to meet increased demand for remote solutions.
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