For companies to successfully implement a divestment strategy they must: a. recognize the signs of an industry's decline earlier than their competitors to divest while the company still has something to offer. b. have a dominant position in terms of economies of scale, offering the best production processes and lowest cost structure to prospective buyers. c. identify the portion of the industry that is not in decline and configure its business to serve those customers. d. create a value innovation to consolidate the industry as it breaks apart.
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