Industry — Artificial evolution

Artificial evolution of an industry Credit: Photos courtesy of Fabindia Through more than 200 successful retail locations, Fabindia has demonstrated that traditional handwoven fabrics have modern applications.  Newswise — A research team from the University of Delaware and the Indian Institute of Management took a deeper look into the newly emerging domain of "forward-looking" business strategies and found that firms have far more ability to actively influence the future of their markets than once thought.Through a decade-long field study of Fabindia Overseas Pvt. Ltd. (Fabindia), India's largest retailer for handloom and handcrafted products, the authors mapped the evolutionary processes --...