Posts

Implementing Transformational Change through Strategic Roadmap

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 that was the final point of any change. Restructuring was the all-inclusive term used for any change. The disaggregation […]

The New Business Environment of 2020s: Turbulence, Uncertainty, and Change

The negative forces of coronavirus (COVID-19) temporarily disrupted normal business activities and paralyzed the forces of market-the demand and supply that made the market economies freeze. The lockdown stagnated the revenues and profits suddenly turned into losses. COVID-19 has caused heavy economic destruction with rapid change in the business environment, resulting in profound shock to […]

Internal Sources of Strategic Transformation: Competitive Advantage through Innovation

The fundamental purpose of strategic management is to keep the firm in tune (strategic fit) with its unstable, unpredictable, and competitive business environment. Any form of change in the firm’s external environment, including technological change, is a problem for established firms because these firms find difficulties in coping with it. The reason for this is […]