One of the only ways to stay ahead of a hypercompetitive market is to ________.

Question

Quizplus · Accepted Answer

Focusing on innovation and creativity allows a company to differentiate itself from its competitors and bring new and unique offerings to the market. This can help a company stay ahead of its hypercompetitive market by providing a competitive advantage. Options A, B, and C are not effective strategies for staying ahead in a hypercompetitive market. Going into crisis management mode implies reacting to problems rather than proactively finding solutions, adopting an autocratic management style may lead to a lack of collaboration and creativity, and centralizing decision making may limit flexibility and responsiveness.

One of the Only Ways to Stay Ahead of a Hypercompetitive