The adaptation model assumes that the firm should change its strategies to meet environmental characteristics.

Question

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The adaptation model proposes that the firm should adapt and adjust its strategies to fit the characteristics of the external environment, such as competitors, customers, suppliers, and regulations. This model emphasizes that environmental factors are often beyond the control of the firm, and thus, it needs to flexibly respond to the changes that occur. Therefore, the firm must be able to learn from the environment and adapt its operations, production, marketing, and innovation strategies accordingly to cope up with the competitive pressures and stay relevant in the market.

The Adaptation Model Assumes That the Firm Should Change Its