Post by account_disabled on Jan 3, 2024 22:55:01 GMT -5
In the use of digital technology, the geography of work, and the nature of interactions. Some of these changes will persist after the pandemic. Erik Brynjolfsson Erik Brynjolfsson Stanford University On the supply chain front, many panelists pointed to the fragility of supply chains and the lack of strong response and resilience across many industries and organizations, suggesting that Make permanent changes to strategy. As noted, previous natural disasters have been good examples of how specific industries and regions are affected by crises, but in contrast, the pandemic has cut off supplies across all industries. All businesses, not just manufacturers, must rethink their just-in-time strategies. To gain resilience in an uncertain environment, strategic and operational agility will gain greater traction across many companies and industries, even those that have traditionally thrived in volatility, said London Business School's Olenka Kapelczyk.
The same goes for companies and industries operating in smaller environments. Strongly agree that in times of uncertainty, adaptability is an important source of competitive advantage for companies. Therefore, I expect the pandemic will increase the critical importance of strategic and operational agility. In terms of the former, I expect business strategy will be used more frequently to detect and navigate unexpected Job Function Email List changes in markets, such as shocks to demand for products and services or disruption to existing business models. In the latter case, operations must be reinvented to increase resilience to environmental shocks. Olanka Kaperczyk London Business School Those who disagreed that business strategies had been permanently changed (represented by responses) noted that despite disruption and some permanent changes to workers and businesses, But the strategic fundamentals of the organization remain the same.
As business school professor Bruno Cassiman puts it: The principles of creating value and developing of that value have not changed. Lori Rosenkopf of Wharton agrees, noting that while the content of the strategy may have changed, the job of a great strategist is to anticipate a variety of outcomes and develop contingency plans. Disagree The way companies think about business strategy has not changed; the process for developing and implementing strategy remains the same. Of course, the content of the strategy is likely to change as the pandemic alters demand patterns, impacts supply chains and alters employee aspirations; some of these changes will be permanent. Lori Rosenkopf Lori Rosenkopf University of Pennsylvania neither agrees nor disagrees Many things have changed permanently, such as people's willingness to work from home or travel, or companies' need for expensive.
The same goes for companies and industries operating in smaller environments. Strongly agree that in times of uncertainty, adaptability is an important source of competitive advantage for companies. Therefore, I expect the pandemic will increase the critical importance of strategic and operational agility. In terms of the former, I expect business strategy will be used more frequently to detect and navigate unexpected Job Function Email List changes in markets, such as shocks to demand for products and services or disruption to existing business models. In the latter case, operations must be reinvented to increase resilience to environmental shocks. Olanka Kaperczyk London Business School Those who disagreed that business strategies had been permanently changed (represented by responses) noted that despite disruption and some permanent changes to workers and businesses, But the strategic fundamentals of the organization remain the same.
As business school professor Bruno Cassiman puts it: The principles of creating value and developing of that value have not changed. Lori Rosenkopf of Wharton agrees, noting that while the content of the strategy may have changed, the job of a great strategist is to anticipate a variety of outcomes and develop contingency plans. Disagree The way companies think about business strategy has not changed; the process for developing and implementing strategy remains the same. Of course, the content of the strategy is likely to change as the pandemic alters demand patterns, impacts supply chains and alters employee aspirations; some of these changes will be permanent. Lori Rosenkopf Lori Rosenkopf University of Pennsylvania neither agrees nor disagrees Many things have changed permanently, such as people's willingness to work from home or travel, or companies' need for expensive.