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One example of a company that failed to adapt is Blockbuster. Blockbuster was once a dominant force in the video rental industry

Consumer and business needs evolve over time and typically don’t happen overnight. The businesses that are successful today have grown and shifted in similar directions to adapt to the evolving marketplace. There are many examples of businesses that have not adapted and eventually fell into disrepair.

Successful businesses grow and shift in similar directions to adapt to the evolving marketplace. Netflix and Facebook are two examples of businesses that have successfully adapted to changes in the marketplace. They were able to do this by utilizing an on-demand workforce and adapting to the times changing around them.

Outsourcing certain tasks to freelancers can also be a great way for businesses to save money. Another benefit of adapting to the times is that businesses can stay ahead of the competition. If a business can anticipate the changes that are going to happen in the future, it can get a head start on its competition.

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