In a world where things change unexpectedly given an unpredictable economic system, businesses are springing with different ideas, strategies and approach, business owners, and executives on the helm of affairs are being forced to adjust strategies more often, and the global/economic disruptions have amplified this need. Businesses want to self-disrupt before competitors disrupt them, and the executive group in charge of implementing strategy is expanding with new roles.
At the same time, the strategy now needs to focus on all stakeholders – not just shareholders. Competitors also need to be considered as potential partners in order to thrive in an uncertain future. All of these forces are changing the way companies formulate and execute strategy. But in choice of strategy, can your business scale give the speed of change?
