School of Thought (ADAPTIVE) Flashcards

1
Q

What are the main focuses of an ADAPTIVE school of thought?

A

Focuses on the underlying assumption that equilibrium is a rarity.

There is a strong interplay between the structure and dynamics of an industry and the structure and processes within an organisation.

The environmental change, for example, technological advancements and how this can undermine an attractive market position.

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2
Q

How does the ADAPTIVE school view strategy?

A

As a EVOLUTIONARY PROCESS, not a state or plan (RATIONALIST). There is an important emphasis on adaptation and self-renewal.

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3
Q

‘Strategies must change in keeping up with new opportunities and threats.’

ADAPTIVE

A

Rajogoplalan and Sprezer (1995)

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4
Q

What kind of strategic change do organisations need to be capable of?

Name 2.

ADAPTIVE

A

Incremental and transformational change.

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5
Q

What elements of transformational strategic change have become challenging to an adaptive school?

A

The internet and digitalisation. Allowing requirements for existing success factors to be abandoned and new competencies and attitudes to be developed.

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6
Q

How does strategy emerge through an ADAPTIVE school?

A

Through the process of implementation.

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7
Q

What continuous and contiguous activities are present in an ADAPTIVE school?

Name 3.

A

Monitoring the environment
Analysing the developments
Making changes

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8
Q

In what way can an organisation respond flexibly to it’s environment?

ADAPTIVE

A

Design and redesign of structures and processes. The adaptive approach is particularly relevant to responses of technological environment.

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