Innovation is necessary for staying competitive. Facebook introduced Reels as a direct response to TikTok’s rapid rise. While some criticized it as copying, it was a smart move that helped Facebook remain relevant. Businesses that resist change often struggle to survive. Take Nokia, for example. Once the dominant player in mobile phone market, Nokia failed to adapt when smartphones emerged. The result? A massive decline in market share. The lesson here is clear: staying ahead means embracing change. Whether it is social media trends, new technology, or shifting consumer behavior, businesses must evolve to remain successful.
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