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Adaptability (Latin: adaptō "fit to, adjust") is a feature of a system or of a process. This word has been put to use as a specialised term in different disciplines and in business operations. Word definitions of adaptability as a specialised term differ little from dictionary definitions.
Organizational adaptation (sometimes referred to as strategic fit and organizational congruence) is a concept in organization theory and strategic management that is used to describe the relationship between an organization and its environment.
Business agility refers to rapid, continuous, and systematic evolutionary adaptation and entrepreneurial innovation directed at gaining and maintaining competitive advantage. [1] Business agility can be sustained by maintaining and adapting the goods and services offered to meet with customer demands, adjusting to the marketplace changes in a ...
Adaptability is about being able to weather unexpected challenges and thrive in unfamiliar environments. This means being ready to respond to the future and whatever changes it brings.
Improved adaptability The reality is that operations that can pivot to the conditions during recessions have a higher percentage of getting the best from an unpredictable economy.
Organizations that prioritize adaptability at the leadership level will be well-equipped to thrive in the face of whatever the future holds.
Organizational ambidexterity refers to an organization's ability to be efficient in its management of today's business and also adaptable for coping with tomorrow's changing demand. Just as being ambidextrous means being able to use both the left and right hand equally, organizational ambidexterity requires the organizations to use both ...
Tim Heneveld, country director for Pergolux, believes in the importance of business adaptability. “Uncertainty always comes with economic transitions,” he said. “Potential shifts in trade ...