How does the adoption of disruptive technologies affect traditional business models?
- It can render traditional business models obsolete, requiring adaptation or risk of failure.
- It has minimal impact on traditional business models.
- It only affects small businesses, not larger corporations.
- It makes traditional business models more resilient and profitable.
The adoption of disruptive technologies often disrupts traditional business models by introducing new methods of production, distribution, and consumption, challenging existing norms and requiring businesses to adapt or risk becoming obsolete.
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