Strategic agility allows organizations to adapt quickly to market changes from "summary" of The Power of Strategy Innovation by Robert E. JOHNSTON,J. Douglas BATE
Strategic agility is the ability of an organization to quickly respond and adapt to changes in the market. This concept is crucial in today's fast-paced business environment, where competition is fierce and market conditions are constantly evolving. Organizations that possess strategic agility are better equipped to navigate uncertainty and capitalize on emerging opportunities. By being agile, companies can stay ahead of the curve and maintain a competitive edge in their industry. One key aspect of strategic agility is the ability to anticipate and proactively respond to market changes. This requires a deep understanding of the industry, competitors, and customer needs. By closely monitoring market trends and analyzing data, organizations can identify potential threats and opportunities early on. This enables them to make informed decisions and pivot their strategies accordingly. By being proactive rather than reactive, companies can position themselves for success in the long run. Another important element of strategic agility is ...
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