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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.
Adaptive management as a systematic process for improving environmental management policies and practices is the traditional application however, the adaptive management framework can also be applied to other sectors seeking sustainability solutions such as business and community development. Adaptive management as a strategy emphasizes the ...
In the life sciences the term adaptability is used variously. At one end of the spectrum, the ordinary meaning of the word suffices for understanding. At the other end, there is the term as introduced by Conrad, [3] referring to a particular information entropy measure of the biota of an ecosystem, or of any subsystem of the biota, such as a population of a single species, a single individual ...
A decentralized structure [16] and a culture of excellence, recruitment and training [33] are also important aspects of establishing an ambidextrous organization. In the context of family firms, the succession process, in which the firm is transferred from one generation of family members to the next, can be an appropriate time to balance ...
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 ...
An employee who is versatile is valued and important in the success of an organization. Employers seek employees with high adaptability , due to the positive outcomes that follow, such as excellent work performance , work attitude, and ability to handle stress . [ 2 ]
Increased adaptability and speed of response to business requirements. Competition between suppliers to drive down costs and increase quality. Widening the portfolio of services and skills available to the organisation. Decreased time to market, with increased innovation and business to IT alignment.
Opportunity management (OM) has been defined as "a process to identify business and community development opportunities that could be implemented to sustain or improve the local economy". [1] Opportunity management is a collaborative approach for economic and business development. The process focuses on tangible outcomes. [2]