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In order to prepare for the coming skills shortage in manufacturing, business leaders must assess their current capabilities, refine their market strategy, build a culture of innovation, and ensure that they have the most effective leadership styles in place. .
For example, insurance companies face technological uncertainty that comes from how bigdata and analytics investments will drive revenue; whereas demand is based on highly predictable demographics. If you’re in the upper-left quadrant, you are with industries that face high demand uncertainty but low technological uncertainty.
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