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3 cards from this section. Quick, good the night before a test.
Define adaptability in your own words.
Think about how people change strategies in response to new information.
Why is adaptability important for entrepreneurs?
Consider the consequences for businesses that can't make changes.
Why is adaptability essential for entrepreneurs?
Consider the ways businesses must react to stay successful.
True or False: Innovation and adaptability are linked.
Think about how new solutions come from changes in the marketplace.
You are an entrepreneur running a traditional retail store. Sales have dropped due to a rise in e-commerce. Develop a strategic plan that outlines steps you would take to adapt your business.
Think about what changes would be necessary to reach online customers.
Analyze a company that successfully adapted to change. Discuss what strategies they employed to embrace the new market.
Consider companies in tech sectors or those affected by global trends.
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