Businesses can better anticipate and adapt to fast-changing environments by building adaptive capabilities. This includes being able to accurately evaluate the predictability and malleability of their environment, and not overestimating their control over achieving goals. They should also break away from unexamined habits, such as prioritizing accuracy over speed of decisions, especially in a fast-paced environment. It's important to start strategic planning by articulating a goal and then analyzing how to get there.
Follow up to the first part of our Business Strategies and Frameworks compilation, part 2 offers you...
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