Hamel & Välingkas (2003)

Question 1

What is the main argument in Hamel & Välikangas?

Answer 1

Strategic resilience, and to change before it becomes desperate.

Question 2

What is “strategic resilience”? (Hamel & Välikangas)

Answer 2

Continuously
anticipating and adjusting to deep secular trends that can permanently impair the
earning power of a core business

Question 3

Hamel & Välinkangas mention 4 different challenges, what are these?

Answer 3

Cognitive challenge, strategic challenge, political challenge, ideological challenge

Question 4

What is “requisite variety”?

Answer 4

The range of strategic alternatives should not be narrower than the scope of change in environment

Question 5

Hamel & Välikangas Describe 4 ways of battling denial.

Answer 5

1. Visiting places where change happens first
2. Filter out the filterers
3. Face up to the inevitable: strategies fail in the end.
   Four reasons:
   - Replicated (imitation)
   - Supplanted (replaced)
   - Exhausted (saturated)
   - Eviscerated (maimed)

Question 6

Describe cognitive challenge (Hamel & Välikangas)

Answer 6

Conquering denial How a company must be free of denial, nostalgia and arrogance (Bias)

Question 7

Describe strategic challenge (Hamel & Välikangas)

Answer 7

Valuing variety How strategy requires alternatives - plethora of new options

Question 8

Describe political challenge (Hamel & Välikangas)

Answer 8

Liberating resources. To not put too much focus on what’s already a success, but also to put resources in what could be. Safer to put resources in the known

Question 9

Describe ideological challenge (Hamel & Välikangas)

Answer 9

Embracing paradox How to manage efficiency and exploration of new strategic options

Question 10

What is path dependency?

Answer 10

History matters; what happened in the past persist bc of resistance to change