Technology guru Tim O'Reilly said this about the publishing industry: "To adapt, publishers need to cannibalize their own business, experimenting with new forms, new formats, and new business models." This statement is consistent with:
A) Generic framework
B) Focus strategy
C) Hypercompetition
D) Direct strategy
E) Porter's generic strategies

Question

Quizplus · Accepted Answer

O'Reilly's statement suggests that the publishing industry is in a state of hypercompetition, where businesses must constantly innovate to keep up with rapidly changing technologies and consumer demands. This is not addressed by the other answer choices, which focus more on overall business strategies rather than the specific challenges facing the publishing industry.

Technology Guru Tim O'Reilly Said This About the Publishing Industry