Small businesses must adapt in changing world
Photo credit: Newsday / Karen Wiles Stabile | Experts say reinvention is necessary for businesses in order to respond to market demands, growing competition and changing customer needs.
For many business owners, their ability to adapt and change is a key factor in their long-term success. Those who resist change can find themselves at a competitive disadvantage.
There often comes a time in a company's life cycle when reinvention is necessary in order to respond to market demands, growing competition, and customer needs, experts say.
"The world has much higher expectations...
