Strategic management of companies' adaptive behavior

You Yin

4 citations0/0 files storedManagerial and Decision Economics

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Organizational Management and Leadership Business Strategies and Innovation Management and Organizational Practices

Abstract

Abstract The modern stage of economic growth is accompanied by sophisticated, multifaceted, and diverse processes, including globalization, the evolution of a new technological paradigm, the growing scarcity of available resources, and changing consumer demands and preferences. In this context, the ability of businesses to quickly and adequately adapt to changes, induced by the external environment, is crucial to their long‐term success. Awareness of these circumstances has led to increased research interest to the issues of managing the adaptability of businesses. The paper quantifies the major dependencies and controversies between the adaptability assessment methods and strategic development of entrepreneurship. The research findings provide an understanding of the overall trend of adaptability management and its impact on the business performance and management strategies that can be used to increase resistance to the extrinsic factors. The main methods of analysis include matrix‐based approaches to selecting the best strategic decisions. A methodical approach was proposed for a reasoned choice of retailers' strategic adaptation areas, which makes it possible to determine the optimal type of adaptation strategy and opens opportunities for determining the company's strategic pathway in its adaptation context. This paper addresses the current market‐driven settings of economic management and the issues of managing the retailers' adaptability in China, as well as the need to change the methods of their strategic management in order to develop a strong competitive position in today's fast‐paced environment and promote economic growth. The research findings can be applied in various types of businesses, regardless of the scale thereof.

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References

2020The Strategic Management of Technology and Innovation 2018A review of the internationalization of Chinese enterprises 2018Big data analysis adaptation and enterprises’ competitive advantages: the perspective of dynamic capability and resource-based theories 2020Examining the digitalisation of virtual enterprises amidst the COVID-19 pandemic: a systematic and meta-analysis 2021The impact of environmental regulations on export trade at provincial level in China: evidence from panel quantile regression 2020Toward a resilient complex adaptive system view of business models 2021The Impact of International Electronic Commerce on Export Trade: Evidence from China 2021Adaptive Enterprise Architecture Process for Global Companies in a Digital IT Era

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