Strategic Flexibility and Its Leveraging Effects on Technological Exploitation

Abstract

Compelling vision, bold leadership, decisive action, great strategies all these prerequisites of success, more often than not, are also almost always the ingredients of failure, too. The dominant reason is the managers generally base their decisions on predictable future which is more often than not ‘not-predictable’. The collision of thought between commitment and uncertainty gives rise to the term ‘strategic paradox’ which means that the strategies with greatest possibility of success also have the greatest possibility of failure. As it is witnessed here in the business world that to cope with the underlining uncertainties, ‘strategic flexibility’ comes very handy, which is nothing but ushering in of new real options required to implement, fresh, effective, different and unique commitments-based strategies, which fulfils the gaps and spaces beyond the constraints. In the present chapter, few case studies has been cited in brief, because of limitations, set in by the organizers for length of the chapter.