Businesses can better equip their executives with the skills needed for adaptive strategic planning by encouraging them to accurately evaluate the predictability and malleability of their environment. This involves understanding that achieving goals often depends on factors beyond their control. Additionally, executives should be trained to build adaptive capabilities to address unpredictable environments. This could involve shifting their strategic planning approach from setting a goal and analyzing how to get there, to being more flexible and adaptable in their planning. They should also be encouraged to value the speed of decisions, especially in fast-paced environments.
Follow up to the first part of our Business Strategies and Frameworks compilation, part 2 offers you...
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