Strategic Agility

Knowledge Center

   

Description of Strategic Agility. Explanation.

Contents

  1. Summary
  2. Forum
  3. Best Practices
  4. Expert Tips
  5. Resources
  6. Print
 
Strategic Agility

Definition Strategic Agility. Description.


Strategic Agility is a company's ability or capacity to continuously adjust and adapt its strategic direction by identifying and decisively seizing major, game-changing opportunities when they arise. Like other forms of agility, such as operational agilityportfolio agility  and organizational agility, the underlying idea is being quick on your feet, nimble, responsive, always alert. However in the case of strategic agility the focus is on the need for flexible, fast adaptive strategy formation.


A major challenge with achieving strategic agility is to balance this ability to respond and adapt quickly to changing market conditions with having a relatively stable direction (strategic vision) and key corporate resources.


Typical examples of this type of organizational agility are:

Specific organizational capabilities to be strategically agile include (Donald Sull in HBR, February 2009):

  • Strong capability to finance big bets.
  • Flexible governance structure.
  • Long-term perspective by shareholders and executives.

Other organizational capabilities to be a strategically fast company are (Jocelyn R. Davis ad Tom Atkinson in HBR, May 2010):

  • Align senior leaders to strategic initiatives.
  • Innovation teams capture and communicate lessons learned.
  • Develop the ability to explore new technologies rather than improve quality or lower costs.

Deciselvely changing strategic direction...In their book 'Fast Strategy: How strategic agility will help you stay ahead of the game' (2008), Yvez Doz and Mikko Kosonen formulate 4 Key Enabling Capabilities for Strategic Agility:

  • Strategic Sensitivity (seeing and framing opportunities and threats in a new way, in time)
    • Casting a wide net.
    • Multiple levels of analysis.
    • Including understanding of one's creeping and binding "lock ins".
  • Collective Commitment (collective decision-making and commitment)
    • Keep the top level meetings focused on strategy.
    • Create culture of holistic accountability instead of silos.
    • Make time for full information sharing and interaction.
    • Treat personal objectives and concerns as critical inputs.
    • Have a FAIR process that allows for needed UNEQUAL resource allocation.
  • Resource Fluidity (fast and efficient resource mobilization, redeployment)
    • Some resources are more fluid (money, brand) than others (key people, fixed inputs, special relationships with clients).
    • Challenge is cognitive and political rather than procedural or financial.
    • Generative growth (on the edges) is key.
    • Maximize knowledge sharing with outside parties (Compare: Co-Creation).
    • Experiment.
  • Management Depoliticization
    • Most top teams are, for natural reasons, collections of independent individuals with strong opinions rather than inspiring and innovative teams.
    • Teams need to be organized for mutual interdependencies, with incentives to match.
    • Cognitive diversity is a key precondition to high-quality internal dialogs (Compare: Cross-Functional Team)
    • Use young rising leaders as a shadow management team focused on the future.
    • Have an OPEN strategy process.
    • Leaders must learn to ASK and ADAPT rather than to DECIDE and TELL.
Strategic Agility Forum
  The Transformative Business Model (Kavadias c.s.)
A business model represents a plan or recipe for t...
     
 
  Agility is Based on Competition and Survival
The theory of agility is framed on the concepts of...
     
 
  Studying the Role of Early Adopters and Early Majority
Strategic decision making of agile firms must be b...
     
 
  What is Strategic Agility? Definition
The ability to continuously adjust and adapt strat...
     
 
  Speed is not all in Strategic Agility
For me strategic agility will be the by-product of...
     
 
  Some Principles for Being Agile
I recommend to consider the following pricnples fo...
     
 
  Is Agility a Long Term Strategy?
Should agility be treated as a long-term strategy ...
     
 
  Strategic Agility in the Culture
I feel this strategy of agility should be adapted ...
     
 
  Awareness of the Impact of Agility
To me the adaptation to agility of organization...
     
 
  Strategic Agility Means Speed of Action
The key to agility is speed, quickly acting on and...
     
 

Strategic Agility Special Interest Group


Special Interest Group

 

Best Practices - Strategic Agility Premium
  Competitive Agility. Importance, Benefits and How To's
In our survey report 'Competitive Agility - Any...
     
 
  Developing an Agile Top Management Team
Nowadays any company has to be strategically agile...
     
 

Expert Tips - Strategic Agility Premium
 

How to Become a Self-tuning Enterprise: Advanced Experimenters

In an HBR article of June 2015, Reeves, Zeng and V...
Usage (application): Organizational Agility, Strategic Agility, Real Options, Emergent Strategy
 
 
 

How to Design Experiments to Support Decision-making on Strategic Innovations

The probability of success of a major innovatio...
Usage (application): Strategic Innovation, Strategic Decision-making, Strategic Experimenting, Experiments, Strategic Testing, Innovation Tes
 
 
 

Process Steps for Organizational Agility

Organizations that strive for enterprise agility w...
Usage (application): Organizational Agility, Enterprise Agility, Corporate Agility
 
 
 

Narrative-based Scenario Planning

Traditional scenario-planning generally provides a...
Usage (application): Scenario Planning, Strategic Agility, Anti-Fragility
 
 
 

Entrepreneurial Strategies in Emerging Markets

Chanvatipsakul and Wongsurawat (2013) examined the...
Usage (application): Strategic Agility, Emergent Strategy, Entrepreneurship, Strategic Innovation
 
 

Resources - Strategic Agility Premium

Your Organization Needs to Change its Strategy Implementation Method

Dr. John Kotter explains most clearly how the rate...
Usage (application): Strategy Execution, Strategic Change, Change Management, Strategy Implementation
 

Two Recent Trends in Leadership

Business thought leader John Spence presents 2 imp...
Usage (application): Leadership Development, Leadership Styles, Coaching, Mentoring, Servant Leadership, Vision, Business Model Innovation
 

Organizational Agility and the Role of Information Systems

Presentation about Agility, specifically focusing ...
Usage (application): Organizational Agility
 

The Essense of Organizational Agility

Giora Morein defines Organizational Agility as an ...
Usage (application): Organizational Agility, Strategic Agility
 
 

News about Strategic Agility


     
 

Videos about Strategic Agility


     
 

Presentations about Strategic Agility


     
 

More about Strategic Agility


     

Compare with: Operational Agility  |  Portfolio Agility  |  Organizational Agility  |  Anti-Fragility (Taleb)  |  Organizational Absorption  |  Agile Absorption  |  Strategic Risk Management  |  Scenario Planning  |  Game Theory  |  Real Options

Special Interest Group Leader

You here


 

Return to Management Hub: Change & Organization  |  Decision-making & Valuation  |  Strategy


More on Management  |  Return to Management Dictionary  | 

 

This ends our Strategic Agility summary and forum.

About 12manage | Advertising | Link to us | Privacy | Terms of Service
Copyright 2017 12manage - The Executive Fast Track. V14.1 - Last updated: 23-10-2017. All names tm by their owners.