학술논문

Navigating in the new competitive landscape: Building strategic flexibility and competitive advantage in the 21st century.
Document Type
Article
Source
Academy of Management Executive. Nov98, Vol. 12 Issue 4, p22-42. 21p. 1 Diagram.
Subject
*Organizational behavior
*Globalization
*Customer satisfaction
*Corporate culture
*Investment policy
*Strategic planning
*Business success
*Competitive advantage in business
*Organizational change
Competition
Language
ISSN
1079-5545
Abstract
A new competitive landscape is developing largely based on the technological revolution and increasing globalization. The strategic discontinuities encountered by firms are transforming the nature of competition. To navigate effectively in this new competitive landscape, to build and maintain competitive advantage, requires a new type of organization. Success in the 21st century organization will depend first on building strategic flexibility. To develop strategic flexibility and competitive advantage, requires exercising strategic leadership, building dynamic core competences, focusing and developing human capital, effectively using new manufacturing and information technologies, employing valuable strategies (exploiting global markets and cooperative strategies) and implementing new organization structures and culture (horizontal organization, learning and innovative culture, managing firm as bundles of assets). Thus, the new competitive landscape will require new types of organization and leaders for survival and global market leadership. [ABSTRACT FROM AUTHOR]