The document discusses how adaptability has become the new source of competitive advantage in today's changing business environment. It argues that companies must develop four key organizational capabilities: 1) the ability to read signals of change and act quickly, 2) the ability to experiment rapidly, 3) the ability to manage complex multistakeholder systems, and 4) the ability to motivate employees and partners. It provides examples of companies like Google, Procter & Gamble, eBay, and Whole Foods that have adapted successfully by strengthening these capabilities. Large, established companies also face challenges to becoming more adaptive but can do so by embracing strategies like empowering managers, addressing uncertainties, and increasing organizational agility.