A&N Strategy Consulting

Tag: strategic change

  • 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…

  • How Strategic Management Drives Sustainable Innovation and Maximize Firm Value

    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 to focus on customers’ specific requirements and market demand. Today, the scope of strategic management and innovation has widened…

  • Role of Artificial Intelligence (AI) in Enriching Firms Strategic Management Capability

    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 making effective strategic decisions where human intelligence has limitations. AI is not a business strategy but can be regarded as a functional strategy…

  • 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…

  • 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…

  • How Established Firms Can Innovate Like Startups

    Historically, startups and small business firms have been most successful in creating innovation in contrast to established firms. However, innovation by itself does not differentiate between small and large firms, and any company, therefore, irrespective of size, can innovate successfully. Not every established firm is a failure and not every start-up is successful. Technology is…