Question: 1. What do you think are the root causes behind the decline of the retail industry? 2. Why is difficult for firms to change their

1. What do you think are the root causes behind the decline of the retail industry?

2. Why is difficult for firms to change their business strategies? What are some of the major obstacles retailers face in doing so?

3. Reflecting on Michael Porter's "stuck in the middle" concept, how can businesses avoid being trapped in obsolete (outdated) strategies? Give examples.

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