Research shows that people acquire skills throughout their life as a leader, but there are always new ideas and concepts that present themselves. With changes in technologies, ways of communication, regulations and law, leaders should always adapt to the changes around them. Within the last several decades technology has made so much impact in how organizations are ran and have either destroyed their businesses or helped them expand.
For example, Blockbuster was once a thriving movie rental organization and with the advancement of online streaming and DVD mail order, Blockbuster became extinct. Leaders should always find new ways of doing business. How can they do this?
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