Episode #114: The Importance of Strategic Flexibility

21/08/2024 10 min
Episode #114: The Importance of Strategic Flexibility

Listen "Episode #114: The Importance of Strategic Flexibility"

Episode Synopsis

In this episode of The Reaching Max Potential Podcast, we explore the critical importance of strategic flexibility in business. Discover how to stay agile and responsive in a rapidly changing market by engaging in continuous environmental scanning, developing dynamic capabilities, fostering agile leadership, and leveraging technology. Learn practical tips for scenario planning and building strategic partnerships to enhance adaptability. Perfect for entrepreneurs aiming for high performance, this episode provides actionable insights to navigate uncertainties and achieve long-term success. Tune in to master strategic flexibility and elevate your business strategy.REFERENCESAguilar, F. J. (1967). Scanning the Business Environment. Macmillan. https://doi.org/10.2307/41165782Burns, T., & Stalker, G. M. (1961). The Management of Innovation. Tavistock. https://doi.org/10.2307/41165680Davenport, T. H., & Harris, J. G. (2007). Competing on Analytics: The New Science of Winning. Harvard Business Review Press. https://doi.org/10.2307/41165764Gulati, R. (1998). Alliances and networks. Strategic Management Journal, 19(4), 293-317. https://doi.org/10.5465/AMR.1998.533229Kotter, J. P. (1996). Leading change. Harvard Business Review, 75(4), 59-67. https://doi.org/10.2307/41165983Nonaka, I., & Takeuchi, H. (1995). The Knowledge-Creating Company: How Japanese Companies Create the Dynamics of Innovation. Oxford University Press. https://doi.org/10.1016/j.jbusvent.2010.01.002\Schoemaker, P. J. H. (1995). Scenario planning: A tool for strategic thinking. MIT Sloan Management Review, 36(2), 25-40. https://doi.org/10.2307/41165742Teece, D. J., Pisano, G., & Shuen, A. (1997). Dynamic capabilities and strategic management. Strategic Management Journal, 18(7), 509-533. https://doi.org/10.1287/mnsc.1997.0642Volberda, H. W. (1996). Toward the flexible form: How to remain vital in hypercompetitive environments. Organization Science, 7(4), 359-374. https://doi.org/10.2307/41165980 Hosted on Acast. See acast.com/privacy for more information.