An adaptive firm is an organization that is able to respond to and address changes in their market, their environment, and/or their industry to better position themselves for survival and profitability.
To be adaptive, it’s smart to look at your business critically—and a tool like a SWOT analysis can be helpful here. Check out our article on how to perform a SWOT analysis.
At Bplans, it's our goal to make it easy for you to start and run your business. The Bplans glossary of common business terms will help you learn about key small business and entrepreneurship topics.
