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- Title
Gaining Strategic and Organizational Capability in a Turbulent Business Environment.
- Authors
Ulrich, David; Wiersema, Margarethe F.
- Abstract
With increasing rates of environmental change and diversified nature of most large firms, stability and predictability no longer guarantee business success. As a result, many executives and researchers feel increased pressure to change, as reflected by the demand for improved financial performance, lack of corporate focus, feelings of powerlessness and alienation, and a sense of being in the position of catching up rather than out front. In this article, the authors document the exponential rates of change facing all industries, and propose that executives can increase strategic and organizational capability in these turbulent times by (1) establishing strategic visions, (2) creating successive adaptation and dispersion, (3) creating strategic unity, (4) driving efficiency, (5) continually scanning the competition, (6) encouraging transformational leadership, (7) increasing capacity for change, and (8) modifying and managing organizational practices.
- Subjects
INDUSTRIAL management; STRATEGIC planning; INDUSTRIES; CORPORATION reports; ORGANIZATIONAL behavior; GROWTH industries; FINANCIAL performance; DIVERSIFIED companies; CORPORATE growth; ORGANIZATIONAL change; LEADERSHIP; INDUSTRIAL efficiency
- Publication
Academy of Management Executive (08963789), 1989, Vol 3, Issue 2, p115
- ISSN
0896-3789
- Publication type
Article
- DOI
10.5465/AME.1989.4274761