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Invited article: Adaptability

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  • Olivia Parr Rud

    (Oliviagroup.com)

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    Abstract

    For the last several decades, organizations have dealt with economic shifts using change management. Based on the new science, there are two major flaws with this approach. First, the word change implies an event with an ending. Second, it implies that change can be managed. In a world of economic volatility, this approach is no longer viable. The continuous climate of uncertainty and volatility demands another view, one that supports adaptability and resilience.

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    Bibliographic Info

    Article provided by Society for Promotion of Business Information Technology (BIT) in its journal Business Systems Research.

    Volume (Year): 2 (2011)
    Issue (Month): 2 ()
    Pages: 4-12

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    Handle: RePEc:bit:bsrysr:v:2:y:2011:i:2:p:4-12

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    Postal: Udruga BIT, Faculty of Economics and Business, Trg J. F. Kennedy 6, 10000 Zagreb, Croatia.
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    Related research

    Keywords: Organization; alignment; speed of change; economic volatility; market shift; Total Quality Management; Business Reprocess Engineering; living systems; chaos; evolution; fifth discipline; learning organization; system thinking.;

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