The findings of the report show that most are struggling mightily with the challenge of strategic renewal.  Dramatic environmental change means adherence to the business strategies that worked in the 1990s is unsustainable. While most firms have yet to act significantly, the report identifies three main positive strategic responses in the sample: i.) moving location; ii.) moving up the value chain; and iii.) moving industries. Particularly successful cases include firms that have engaged knowledgeable business partners, e.g. global buyers and private equity investors, in their efforts at strategic renewal.  The report concludes by noting that government can best facilitate innovation by its leading firms by focusing on provision of quality core public services.