The paper "Importance of Adaptive Strategy" is a great example of management coursework. An adaptive strategy is a form of business strategy which was used by anthropologist Yehudi Cohen and critically reviewed later by Martin Reeves, the BCG founder. Yehudi used the strategy to describe the system of economic production as used by society’ s system. The primary cause of similarities between several unrelated cultures is the use of a similar adaptive strategy. Karma Sherif (2006) applied the adaptive approach to show how well it can manage knowledge in organizations. According to Martin Reeves and Mike Deimler, the modern era is full of instability and risk.
Businesses, over the past decade, have witnessed the rise of a new aristocracy which is technology. The growth of these technology giants has been astronomical, and they include; eBay, Amazon. com, Google, and Facebook. Within the first five years of launch, each has recorded and surpassed $1 billion in annual sales. In contrast, there are companies such as Procter and Gamble which recorded $1 million annual sales in 20 years and more than 100 years to hit the $1 billion sales mark.
This brings us to understand that globalization has affected mainline businesses and favored several others who have agreed to dance to the tune. Introduction Many CEOs have been given a deep sense of unease by a combination of new technologies, globalization, and greater transparencies. The volatility of business margins of operation has remained static since the 1950s to 1980, however, from then, the margins have more than doubled (Bharadwaj et al 2013, p. 167). The gap between losers, those with low operating margins, and winners, those with high margins, has widened.
Adaptive management is used by managers to improve resource management through lessons noted from management results. The origin of this mode of strategic management is the works of Frederick Taylor in the 1900s. Most of its perspectives are part of the parallel concepts found in business for instance experimental science, industrial ecology, and systems theory. As described above, adaptive management is not applied frequently though many resource managers recommend it and numerous resource planning documents refer to it (Donkin 2015, p. 61).
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