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With respect to business and manufacturing systems and processes, adaptability has come to be seen increasingly as an important factor for their efficiency and economic success. In contrast, adaptability and efficiency are held to be in opposition to each other in biological and ecological systems, requiring a trade-off, since both are ...
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.
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]
Organizations that prioritize adaptability at the leadership level will be well-equipped to thrive in the face of whatever the future holds. Business Tips from SCORE: The importance of being ...
Speed and adaptability were key differentiators. Fast-acting leaders that pivoted to digital across all aspects of the business, from consumer-facing to operational to sales, more successfully ...
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 ...
Multipurpose Tool or Knife. In the throes of an emergency, adaptability can mean the difference between safety and danger. A multitool like a Swiss army knife typically features various ...
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 ...