Strategic Flexibility: The Evolving Paradigm of Strategic Management

As the dynamics and turbulence in the environment kept on rising, the traditional strategic management paradigms were not found sufficient to cope with the growing uncertainty. And then the paradigm of ‘strategic flexibility’ came to the forefront of industrial practice, which synthesized the strengths of most of the previous theories of strategic management in a novel way to fill the gaps. It connotes the type of flexibility that caters to both...