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In a business context, agility is the ability of an organization to rapidly adapt to market and environmental changes in productive and cost-effective ways. An extension of this concept is the agile enterprise, which refers to an organization that uses key principles of complex adaptive systems and complexity science to achieve success. [3]
Adaptation is often contrasted with inertia and selection (see organizational ecology) and reflected as survival, growth, or performance. [10] The attributes that reflect the concept of adaptation do not fully reflect either survival nor success for organizations, however, as biological notions of adaptation do not easily translate to ...
On the other hand, a growth plan is short term, typically 1–2 years or less. It focuses at a much deeper level on the go-to-market section usually seen in a business plan. Growth planning aims to be agile and adapt to changing market conditions that businesses are facing, particularly through technology and digital media. [5]
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 ...
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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] Employees, who display high adaptive performance in an organization, tend to have more advantages in career opportunities unlike employees who are not adaptable to change ...
Contract clause richly (perhaps excessively) rewarding a key executive if termination is due to corporate takeover or merger Hard stop Deadline [1] Hub A central idea to which other ideas are linked In the loop Knowing what's going on and being kept informed In the weeds Immersed or entangled in details or complexities Joined-up thinking
Strategic planning may also refer to control mechanisms used to implement the strategy once it is determined. In other words, strategic planning happens around the strategic thinking or strategy making activity. [24] Strategic management is often described as involving two major processes: formulation and implementation of strategy.