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Published by: Harvard Business Publishing
Originally published in: 2024
Version: 21 February 2024
Length: 14 pages
Data source: Published sources
Topics: Strategy

Abstract

In the rapidly evolving environment of modern business, the digitization of economic activity and the ubiquitous integration of technology across industries are fundamentally altering how companies develop and implement strategy. The rise of digital technologies has not only intensified competition but has also opened new opportunities for collaboration, even among firms that may be direct competitors in certain markets. This shift is particularly pronounced in technology-focused industries, where the pace of innovation and the complexity of the technologies involved compel extending traditional strategic frameworks.

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Abstract

In the rapidly evolving environment of modern business, the digitization of economic activity and the ubiquitous integration of technology across industries are fundamentally altering how companies develop and implement strategy. The rise of digital technologies has not only intensified competition but has also opened new opportunities for collaboration, even among firms that may be direct competitors in certain markets. This shift is particularly pronounced in technology-focused industries, where the pace of innovation and the complexity of the technologies involved compel extending traditional strategic frameworks.

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