Adapting to Change Case Study The second-largest bookstore chain in the United States, Borders Group, declared bankruptcy in 2011 as the firm had not adapted well to changes in book retailing from traditional bookstore shopping to customers buying online, preferring digital books to hard copies Borders was on the brink of financial collapse before being acquired in July 2011 by Direct Brands Case Questions Why Borders Group, declared bankruptcy in 2011? Explain your answer. 1 2. What types of strategies were pursued by both Borders Group and Modern brands? Explain your answer 3. 3. At what level do strategists formulate the strategies explained in Q1? Explain your