The Need for Speed: Fostering Strategic Agility for Renewed Growth
The Need for Speed: Fostering Strategic Agility for Renewed Growth
This chapter discusses the results of a study on open innovation projects in six information technology (IT) companies. The findings indicate that actions that sustain growth and high performance of leading IT firms create rigidities over time that require strategic processes to be decentralized, distributed, internally participative and externally open. The result also suggests that strategic agility results from strategic sensitivity and that it needs to be combined with resource fluidity as well as leadership unity in order to maximize the benefits of OI projects.
Keywords: open innovation, IT companies, corporate growth, rigidities, strategic processes, strategic agility, strategic sensitivity, resource fluidity, leadership unity
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