By Sushil, Kanika T. Bhal, Surya Prakash Singh
This edited ebook presents a conceptual framework of handling flexibility within the components of individuals, procedure, expertise and company supported via researches/case functions in a variety of kinds of flexibilities in company. The publication is prepared into following 5 components: (i) coping with Flexibility; (ii) humans Flexibility; (iii) procedure Flexibility; (iv) Flexibility in know-how and Innovation administration; and (v) enterprise Flexibility. dealing with flexibility on the point of individuals, technique, expertise and company encompasses the necessities of either selection and pace. the necessity for coping with flexibility is growing to be to deal with the advancements and demanding situations within the international company surroundings. this is often noticeable from reactive in addition to proactive views. Flexibility is a big size of commercial excellence and offers with a paradoxical view element resembling balance and dynamism, continuity and alter, centralization and decentralization, and so forth. It should be controlled on the degrees of individuals, strategy, expertise and numerous company features and it's important to create flexibility on the point of individuals to create and deal with flexibility in tactics and applied sciences in an effort to aid versatile company requirements.
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Extra resources for Managing Flexibility: People, Process, Technology and Business
The process of assessment would involve various stakeholders in any organization. The organization concerned may either create an internal group or can take help of an external advisor/assessor for this purpose. 7 Conclusion The business and industry should forge ahead with plans to reformulate survival and growth strategies. In a bid to equip and face the challenges of uncertainty thrown up by the new business environment, it is stressed to incorporate flexibility by managing the confluence of continuity and change in the corporations.
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4 Case Study of “Company A” One of India’s leading multinational conglomerate having a diverse business presence across services and manufacturing sectors has over the past two decades successfully launched a globalization strategy through organic growth as well as acquisitions of international brands. The managerial success of the globalization driven change process is based on a large pool of strong leadership talent and bandwidth of organizational capability, behavior, and practices that is broad and flexible enough to adapt quickly to diverse business and cultural needs across geographies and demographics.