1Director of Centre for Management Studies and Area-Chair for HR at the Administrative Staff College of India (ASCI), Hyderabad, Telangana, India. ppati@asci.org.in
2Associate Professor at the Institute for Financial Management and Research, Chennai. arindam.iift@gmail.com
JEL Classification Codes: J24, O15
Organisations around the world are encountering a dynamic business environment that reduces predictability and certainty of business. However, most of them are not prepared to deal with the dynamic environment. This paper proposes a holistic framework that guides an organisation to leverage its managerial and leadership capabilities, combine them dynamically with resources and develop strategic agility to create a unique trajectory for organisation's business. We also discuss how the components of this framework relate to pertinent organisational practices to help adoption of the structure.
Firm performance, Resource-Based views, Dynamic capabilities, Systems thinking, Strategic flexibility, Organisational diagnosis
