could some one help me provide an example of an industry or company that has changed its strategy over time as environmental factors such as technology, competition, and consumer preferences have changed. Explain the changes in environment and in the industry’s or company’s evolving strategy.

Answer 1

You may want to look at the auto industry -- specifically GM and Ford. They have gone from producing gas-guzzling vehicles to producing more fuel efficient cars.

I'm sure you'll find a lot of information on them.

Something I've observed, but have not seen discussed is the much better rust-proofing. I used to buy a new car every few years because the old ones rusted out in our snowy, salted roads here in Michigan. I've been driving the same Mercury for 15 years -- and it has no rust on it. I have no plans to buy a new car.