How can an organization develop strategic flexibility?
A) It should commit resources only after thorough planning.
B) It should ignore mistakes.
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 multiple strategic alternatives and being able to pivot quickly in response to changing market conditions is a key element of strategic flexibility. Thorough planning and using tried and tested perspectives are important, but they are not sufficient on their own to create strategic flexibility. Ignoring mistakes is not a viable strategy for any organization.

How Can an Organization Develop Strategic Flexibility