Business is changing — and changing rapidly. In 2022, a revolution (not just an evolution) in the thinking and planning of leaders is more important than ever to experience a globalized competitive advantage.
Leaders and managers across all levels of an organization should view strategic innovation amidst a wealth of global issues, by avoiding the trap of “siloed thinking” that often leads to defeat.
The growing concerns surrounding the pandemic will remain constant. However, leaders can not ignore typical market constraints — volatility and uncertainty. If there was ever a need for unprecedented and overarching thinking, it is now. Adaptation and flexibility should be a critical part of a strategic approach.
According to a recent report issued by Gartner, “traditional strategy approaches were not designed for a rapidly changing world, and leading enterprises are responding by adopting an adaptive strategy approach.” Further, Ian Cox, Senior Director and Analyst at Gartner says that “an adaptive approach to long-term strategy is more fitting for a world in which business models are transforming more frequently, and often more radically. The faster the rate of change, the more adaptability becomes a key imperative.”