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The challenges faced by private-sector companies in staying competitive in today's rapidly evolving market. It mentions General Electric as an example of a company that
The challenges faced by private-sector companies in staying competitive in today's rapidly evolving market. It mentions General Electric as an example of a company that has struggled to adapt to changing circumstances, potentially putting it at risk of bankruptcy. It underscores the importance for companies to innovate and evolve to remain relevant and competitive. The article "Trump has the GM problem backward'" states the importance of both companies and workers wanting a change to thrive in a dynamic economy. The current economic landscape, where low unemployment rates coexist with a shortage of skilled workers. Focusing on your core competency can lead to success, these capabilities provide a strong foundation from which the business will deliver value to customers and stakeholders. Many factors can influence an individual's ability to adapt, including their personality, life experiences, coping skills, and the nature of the changes they are facing
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