Strategic Adaptability 1

Strategic Adaptability 1 - RUNNING HEAD: Strategic...

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Strategic Adaptability 1
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Strategic Adaptability Organizations have many decisions to make regarding strategy. There are changes going on within business industries that include technological changes, social influence, and competition, as well as many others. Organizations today should focus on adaptability because it can be considered as a competitive advantage. For an organization to succeed, ways to increase the organization’s ability to respond quickly to industry and market changes is imperative. It is important to be able to define organizational goals and objectives and to identify changes in the environment for organizational growth. This analysis defines strategic adaptability, and analyzes its relevance to the types of issues and opportunities facing Starbucks, Southwest Airlines, and American Patio Enclosures. Defining Strategic Adaptability For many organizations having a good plan in place is important, but knowing how to respond to unknown changes is a huge benefit of strategic leadership. Responding to changes is a way of adapting. Strategic adaptability can be defined as “the result of successfully managing the internal and external tensions that naturally arise between for flexibility in the market place and consistency in the organization” (Musselwhite, para. 13, 2007). Guaranteeing adaptability means an organization must be capable of gaining knowledge from experiences and making necessary changes. In any business atmosphere, strategic adaptability is necessary in capitalizing on potential investment opportunities and essential to take action in response to competitive moves.
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Strategic Adaptability 1 - RUNNING HEAD: Strategic...

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