Good morning community!
Sharing an interesting article in Harvard Business Review on "How to Succeed in an Era of Volatility". It discusses the importance of strategic foresight, adaptability, and resilience for companies in navigating the unpredictable business landscape of today.
Key takeaways from the article include:
- Foresight and Adaptability. Operational flexibility is important. Recognise the changing dynamics of the business environement and embrace adaptability as a core capability.
- New Era of Volatility. We seem to be transitioning from a period of macrostability to an era of volatility (post-globalisation, capital rationalisation, technological innovations). Traditional strategic formulations may no longer be effective. Evolve.
- 3 Essential Capabilities: Prediction, adaptability, and resilience. Predition: generate beliefs about the future of the industry and identify opportunities for competitive advantage. Adaptability: change faster than your competitors in response to shifting market dynamics. Resilience: withstand shocks and disruptions.
- Case Studies: You will find case studies of companies like Reliance Jio and Microsoft Azure to illustrate how they leverages prediction, adaptability, and resilience to thrive in volatile environments.
- What to do? Mapping, develope scenarios, allocate capital, track signals.
I feel that it is true not only for companies, but for us as human beings too. Very uncertain times we are living through these days, and foresight, adaptability and resilience will help.
How do these apply in the investment industry and in your particular space?
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Aya Pariy
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