Tag: changing environment

  • Tools for Enhancing a Firm’s Strategic Flexibility Capability

    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 competitive advantage and achieve superior business performance. Strategic flexibility is considered an important capability for a firm to respond quickly to a turbulent…

  • Linking Strategy to Identity and Culture to Cope with the Changing Environment

    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 a firm’s external environment is unstable, it finds difficulty in coping with it, and therefore, the firm’s…

  • Important Elements of Value Creation in an Ecosystem

    The rapidly changing business environment of businesses has given rise to a new name for the firm’s task environment, the “ecosystem” in some industries, particularly the technology-based. The ecosystem is an expanded name of an organization’s traditional task environment, which is typically the industry within which the firm is operating. The firm’s ecosystem broadly looks…

  • Design and Management of The Transition State of Strategic Change

    This blog article attempts to describe the complex transition phase of the old and weak 3-state strategic change model in terms of two elements of the new and strong strategic management model: strategy formulation and implementation: which incorporates the portfolio management framework to facilitate and provide clarity to the implementation process. Basically, organizations undergo two…