What Are Some Real-World Examples of Adaptive Business Practices?
Several successful companies exemplify adaptive business practices:
Netflix: Originally a DVD rental service, Netflix adapted to technological changes by transitioning to a streaming platform, and later diversified into content creation. Amazon: From an online bookstore, Amazon continuously expanded its offerings, ventured into cloud computing with AWS, and introduced innovations like Amazon Prime. Tesla: Tesla's adaptability includes not only its electric vehicles but also its ventures into renewable energy solutions with products like solar roofs and energy storage systems.