This is the 1633rd most frequent German word.
wechselt
"Changes" or "switches."
The verb 'wechselt' is used here to mean 'changes', referring to substituting one shirt for another.
Er wechselt sein Hemd nach der Arbeit.
He changes his shirt after work.
In this sentence, 'wechselt' refers to altering or switching the company's approach or plan.
Das Unternehmen wechselt seine Strategie, um wettbewerbsfähig zu bleiben.
The company changes its strategy to remain competitive.
Here, 'wechselt' means 'switches', indicating the act of moving from one position to another.