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What are Alternative Frameworks: Evolutionary Change and Hyper competition?
An alternative framework is very much important for conducting the business in a proper manner in the market. All industries have their specific rules and make changes to these rules to gain more stability in the market. As a result startups and firms that are not completely stable get disturbed and are unable to progress or grow in a positive way. An evolutionary change offers stability due to some facts and techniques to manage these facts to achieve stabilization in the market. The evolutionary change reflects on the exact relationship between chaos and order. It is not a problem if there are any problems but, this change is required to discover opportunities for successful growth of a business.
Some situations of dynamic competition among the companies lead to unsustainable advantage. The sustainable advantages in some particular areas are thus eroding swiftly to the new ones. However, in the new field the competition is based on services and product, quality and price, perfect timing of production or other factors that attract customers to know the exact requirement needs to be developed. It is necessary to understand which needs are to be dominated and controlled. This situation is termed as Hyper competition.
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