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A strategic inflection point occurs when a firm faces major changes in its competitive environment.

a. true
b. false

1 Answer

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Final answer:

A strategic inflection point occurs when a firm faces major changes in its competitive environment.

Therefore, the statement is true.

Step-by-step explanation:

A strategic inflection point occurs when a firm faces major changes in its competitive environment. This can include technological advancements, changes in consumer behavior, industry regulations, or new market entrants. It is a critical juncture for a company as it requires strategic decisions to adapt and remain competitive.

For example, the rise of e-commerce and online retail disrupted traditional brick-and-mortar stores, forcing them to adapt by investing in their own online platforms or changing their business models. This major change in the competitive environment represents a strategic inflection point for these companies.

Summary:

A strategic inflection point occurs when a firm faces major changes in its competitive environment, requiring strategic decisions to adapt and remain competitive.

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