A firm that simply continues the products and procedures that first gave it a competitive advantage has implicitly assumed that its environment is static.

Question

Quizplus · Accepted Answer

By assuming that its environment is static, the firm fails to adapt to changing conditions and risks losing its competitive edge. It is important for firms to continually assess and adjust their strategies in response to market dynamics and technological advancements.

A Firm That Simply Continues the Products and Procedures That