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Companies go through shifts in the market hence there is need to change some of the aspects of the firm to prevent to collapse when the market changes occur. Most of the strategists propose modifying the various structures in the business promptly once such changes occur whereby one has to use two techniques. The first technique should be for getting the business in the right position by acclimatising the enterprises model to the shifted market. The second technique is the creation of a distinct business that will come up with creative ideas which are necessary for the businesses future growth.one of the firms that undergone a market shift is the Deseret News which started in the 1850s. The company was using the old newspaper model for over 100 years but had to change this model after going through a market shift.
The firm’s customer at first received a paper each day at their doorstep for a monthly fee. The descent in revenue because of the market turns significantly affected the firm and brought a lot of disruptions in the business. The drop started gradually because of the competition from the websites such as the Huffington post which posted news as well as the social media platforms. The reader’s attention was diverted to these sites leaving the Deseret News with few customers hence causing the financial constraints.
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