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This book analyzes the changing dynamics of competition and the
emergence of deglobalization trends and processes. The authors
begin by explaining the role of technology on globalization and its
impact on competitive strategy. Then, they present a theoretical
framework that outlines the connection between globalization and
modern society. The book also delves into the shift toward
deglobalization and addresses how the onset of the COVID-10
pandemic has accelerated the process. Concluding with a discussion
of how the 4th Industrial Revolution has resulted in new paradigms
for business, this book will fill a gap through its investigation
of an emerging concept for scholars in international business.
This book discusses the concepts of volatility, uncertainty,
complexity, and ambiguity (VUCA) that are the core of various
paradigms used in strategic management to understand competitive
advantage as well as flexibility in organizational boundaries. It
serves as a valuable reference resource in the area of VUCA
markets. An increase in the levels and types of uncertainty has
important implications potentially for the durability of a
company's advantages, the way firms learn and adapt, approaches for
managing innovation and knowledge, and the attractiveness of
different strategies and organizational models. In today's world,
strategic flexibility in VUCA is essential for business leaders to
sustain market advantage and attain a clear vision amid the chaos.
Business leaders who stay focused and are aware of external
volatility as the prevalent characteristic are successful, while
those who are not flexible in this VUCA world and lock themselves
into fixed positions lose out. The book includes empirical and
conceptual research papers along with case studies and models
discussing strategies for emerging markets in volatile and
uncertain environments. It also covers a variety of issues,
including innovation, people and processes, financial management,
and leadership and strategies in VUCA markets. Apart from research
fraternity and academia, the contents of the book will be useful
for practitioners as well as industry watchers.
This book discusses the concepts of volatility, uncertainty,
complexity, and ambiguity (VUCA) that are the core of various
paradigms used in strategic management to understand competitive
advantage as well as flexibility in organizational boundaries. It
serves as a valuable reference resource in the area of VUCA
markets. An increase in the levels and types of uncertainty has
important implications potentially for the durability of a
company's advantages, the way firms learn and adapt, approaches for
managing innovation and knowledge, and the attractiveness of
different strategies and organizational models. In today's world,
strategic flexibility in VUCA is essential for business leaders to
sustain market advantage and attain a clear vision amid the chaos.
Business leaders who stay focused and are aware of external
volatility as the prevalent characteristic are successful, while
those who are not flexible in this VUCA world and lock themselves
into fixed positions lose out. The book includes empirical and
conceptual research papers along with case studies and models
discussing strategies for emerging markets in volatile and
uncertain environments. It also covers a variety of issues,
including innovation, people and processes, financial management,
and leadership and strategies in VUCA markets. Apart from research
fraternity and academia, the contents of the book will be useful
for practitioners as well as industry watchers.
This book shows how strategic management can be practiced in the
context of flexibility. It discusses strategic formulation and
implementation perspectives and practices, including vision and
mission, general environment analysis, industry analysis,
competitive advantage, resource and capability view, generic
strategies, business level strategy, corporate level strategy,
international strategy, change and turnaround, strategic
implementation, and strategic controls, as well as flexibility
embedded in these concepts. It can be used as a primary textbook
for managerial programs for executives, and as a supplementary case
textbook for core MBA courses. Exploring "Strategic Formulation"
and "Strategic Implementation" concepts from a flexibility
perspective, it is also an excellent companion to leading strategic
management textbooks.
This book analyzes the changing dynamics of competition and the
emergence of deglobalization trends and processes. The authors
begin by explaining the role of technology on globalization and its
impact on competitive strategy. Then, they present a theoretical
framework that outlines the connection between globalization and
modern society. The book also delves into the shift toward
deglobalization and addresses how the onset of the COVID-10
pandemic has accelerated the process. Concluding with a discussion
of how the 4th Industrial Revolution has resulted in new paradigms
for business, this book will fill a gap through its investigation
of an emerging concept for scholars in international business.
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