What makes it difficult for businesses to adapt?

[Trush Jodie]

Some businesses have suffered closure simply because they found it difficult to adapt to changes in the industry. One would think that it should be easy for businesses to adapt to industry changes as trends. What is it in business adaptation that makes it a tough call for many businesses?

 

[Augusta]

Companies often struggle to adapt to market trends due to rigid leadership, corporate cultures resistant to change, and bureaucratic structures that hinder quick decision-making

 

[Springtime]

The recent tariff issue is a good example of how market situations change within a short period of time. It is difficult for companies to adapt.

 

[Augusta]

Being adaptable requires identifying mindsets and behaviours that we need to change.