How can an organization develop strategic flexibility?
A) It should commit resources only after thorough planning.
B) It should monitor and evaluate its past strategies.
C) It should depend on tried and tested perspectives from senior employees.
D) It should have multiple alternatives when making strategic decisions.

Question

Quizplus · Accepted Answer

Developing strategic flexibility involves having multiple alternatives when making strategic decisions. This allows an organization to adapt to changes in the business environment and adjust its strategy accordingly. Thorough planning and monitoring past strategies are important, but alone they do not guarantee strategic flexibility. Depending solely on tried and tested perspectives from senior employees can hinder innovation and limit the organization's ability to adapt to change.

How Can an Organization Develop Strategic Flexibility