Strategic Flexibility Notes: Definitions & Explanations PDF | Download eBooks
Study Strategic Flexibility lecture notes PDF with strategic management definitions and explanation to study “What is Strategic Flexibility?”. Study strategic flexibility explanation with strategic management terms to review strategic management course for online MBA programs.
Strategic Flexibility Definitions:
It is a set of capabilities used to respond to various demands and opportunities existing in a dynamic and uncertain competitive environment.
Strategic Management by Michael A. Hitt, R. Duane Ireland, et al.
Ability to recognize major external changes, to quickly commit resources, and to recognize when a strategic decision was a mistake.
Management by Stephen P. Robbins, Mary A. Coulter
Strategic Flexibility Notes:
Strategic adaptability is the capacity of an association to react to real changes that occur in its outside condition by submitting the assets important to react to those changes. All the more critically, the association ought to have the option to distinguish change markers so it can return to its past state when the outside ecological change is turned around. Key adaptability can be a noteworthy advantage for a firm in view of its capacity to respond to changes successfully. Vital adaptability can be utilized by associations as both an offense and protection system, contingent upon the idea of progress and its effect on the association. The capacity to exhibit vital adaptability can expand the estimation of an association as the business can all the more rapidly adjust to change and subsequently better oversee chance.
Strategic Flexibility Notes:
Strategic flexibility is the capacity of an association to react to real changes that occur in its outside condition by submitting the assets important to react to those changes. All the more significantly, the association ought to have the option to recognize change markers so it can return to its past state when the outer natural change is turned around. Vital adaptability can be a noteworthy resource for a firm in view of its capacity to respond to changes successfully. Vital adaptability can be utilized by associations as both an offense and guard system, contingent upon the idea of progress and its effect on the association. Chiefs need to consider these four perspectives while defining a methodology; be that as it may, this procedure isn'T simple in light of the fact that there are as yet numerous vulnerabilities inside the inward just as outer situations. Mental and hierarchical predispositions further compound potential issues and make it considerably more hard for administrators to distinguish changes and take fitting activities inside a speedy time span.
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