Adaptation Trumps Persistence

In business, it is crucial to be adaptable and willing to change course when necessary. Apple's decision to cancel their electric vehicle project after years of development, shifting focus to AI projects instead, exemplifies the importance of reevaluating strategies based on new information. While initially aiming to compete with Tesla and Waymo, Apple's pivot demonstrates that a strategic vision should not be a rigid commitment but a flexible guide to success. Good leadership involves recognizing when to abandon a failing path and chart a new course towards growth and success.