Firms' Adaptation Strategies Revealed: Key to Thriving in Discontinuous Change.
Firms adapt to big changes by using different sets of skills, depending on how they choose to adapt. There are three main ways firms can adapt: by changing their structure, by integrating their behaviors, or by alternating between different strategies. This means there isn't one-size-fits-all solution for adapting to big changes. Managers can choose different approaches based on what works best for their situation.