Strategic Adaptability We are living in what is called “VUCA” age. VUCA is an acronym and represents volatility, uncertainty, complexity and ambiguity, respectively. It means that we do not know […]
We are living in what is called “VUCA” age. VUCA is an acronym and represents volatility, uncertainty, complexity and ambiguity, respectively. It means that we do not know exactly what will happen in the future. In fact, this is a very important concept especially for business environment. This is because each company makes a decision based on the change of external environment. Thus, strategic adaptability becomes more important now.
Strategic adaptability is a planned ability to react effectively when business and environmental factors change unexpectedly. Many companies do a good job planning how to operate when things work out as expected. Companies that survive in the long run often plan for flexibility in response to the unexpected.
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