To cope with today’s uncertain, turbulent, and unpredictable business environment, strategic flexibility (SF) has surfaced as an indispensable capability and a measure of success that firms should possess to generate and sustain com… Read More
Two decades ago, strategy was considered an important ingredient in managing innovation. During that time, the scope of innovation in terms of value creation and hence competitive advantage used to be narrowly defined, because it used t… Read More
Before the financial crisis of 2008, the term “restructuring” was extensively used by small and large firms to define and undertake any organizational change with a perception that change can be realized only through restructuring, and … Read More
On Monday, January 27, 2025, Nvidia- an artificial intelligence (AI) chip manufacturer’s stock plummeted 16%, removing around $600 billion from the company’s valuation, which is the largest market-cap decline recorded in Nasdaq hist… Read More
For the past two decades, many technology-based companies have achieved extraordinary growth rates internally through innovation. Before this period, growing internally through innovation had limitations, and firms had to depend o… Read More
Artificial Intelligence (AI) technologies which use complex computer systems and machine learning are emerging as powerful tools that enhance the capabilities of human intelligence to help in solving complex business problems and ma… Read More
Conceptually, a firm’s strategy (what we plan to do) and organizational identity (who we are) are deeply linked. This nexus has drawn more attention recently because of the changing environment of businesses in the last two decades. When … Read More
Because fierce competition erodes a firm’s competitive advantage, firms should continuously move fast and build new advantages to counteract the advantages of competitors. To survive and prosper in today’s fiercely competitive mark… Read More
Strategic management has developed from corporate planning (1960) to shareholder value maximization (1980-2000) to stakeholder value maximization (2000-2023), which also incorporates the sustainability issues of society and the … Read More
Multibusiness firms typically use multidivisional structures that comprise separate businesses, which are organized as strategic business units, divisions, or subsidiaries, and are controlled and coordinated by corporate manage… Read More