Can You Provide Examples of Successful Adaptation?
Several companies have successfully adapted their products and services to meet changing market demands:
Apple: Continually innovates its product line, such as transitioning from the iPod to the iPhone, to stay ahead of consumer trends. Netflix: Shifted from DVD rentals to streaming services, and now produces original content to retain and grow its user base. Tesla: Regularly updates its vehicles with new software features, ensuring that they remain cutting-edge.