Agile Strategy Management In The Digital Age
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Agile Strategy Management in the Digital Age
In a world of rapid and unpredictable change, the problem with strategic planning is that if you follow your plan through to the end, you will get exactly what you used to want. What you need is a framework for planning and implementing a strategy that is agile enough to adapt to a dynamic environment but focused enough to deliver. That framework is the Dynamic Balanced Scorecard. The original Balanced Scorecard system has proven the most popular, successful and enduring framework for strategy execution over the last 25 years. Comprising a Strategy Map and a scorecard of KPIs, targets and initiatives, the framework helped organizations distil a strategy into actionable components and measure progress towards a strategic vision, while also implementing and monitoring the actions that drove change. However, for all its success, the Balanced Scorecard system now needs to evolve for the digital age. Until now, building the system, rolling it out enterprise-wide and adapting it to external changes has been a lengthy process. While the fundamental principles of the system are still sound and relevant, it needs to become nimbler and more responsive. The book provides a step-by-step guide to agile strategy management: from formulation to implementation to learning and adapting. For each of the steps, the book explains how Dynamic Balanced Scorecards, fit for the digital age, are built and deployed.
Digital Transformation Management for Agile Organizations
Author: Stefano Bresciani
language: en
Publisher: Emerald Group Publishing
Release Date: 2021-06-10
Digital Transformation Management for Agile Organizations highlights and explores new dynamics regarding how current digital developments globally scale, by examining the threats, as well as the opportunities these innovations offer to organizations of all kinds.
Agile Strategic Management: Adjusting Strategies in a Rapidly Changing Environment
The term "agile strategic management" may be seen as somewhat of a buzzword, as "agile" has become prevalent in business discussions and can sometimes be overused. Like many buzzwords, "agile" can be used superficially without a true understanding of its core principles, leading to misinterpretations or ineffective implementation. Nonetheless, it truly embodies a strategic approach that emphasizes flexibility and adaptability to evolving environments, distinguishing it as more than just a fleeting trend when implemented effectively. The author underscores the significance of Agile strategic management by highlighting the necessity of being responsive to market changes, swiftly incorporating feedback, and adjusting strategies as required, which are essential in today’s dynamic business landscape. This book aims to educate its audience on fostering a flexible organizational culture, enhancing cross-functional collaboration, and promoting ongoing learning. It targets executives, managers, and researchers who are interested in incorporating agility into their strategic management practices by providing them with practical tools and processes for making decisions in real time and aligning strategic goals. Each chapter is intended to present insights that may be put into action, as well as real-world case studies and tasks that can be done by the reader. As readers begin their journey into agile strategic management, this book recognizes the challenges they may encounter, such as resistance to change, and aims to help them navigate these obstacles. The primary goal is to foster innovative value creation within a fast-paced business environment by encouraging a reassessment of traditional strategic methods and embracing the opportunities that arise from adopting an agile mindset.