Is strategic agility the new Holy Grail? Exploring the strategic agility construct Online publication date: Mon, 04-Sep-2017
by Gayathri Sampath; Bala Krishnamoorthy
International Journal of Business Excellence (IJBEX), Vol. 13, No. 2, 2017
Abstract: This paper reviews the concept of strategic agility and relates it to the context of building competitive advantage. The view of agility as an essential element of a firm's long-term success and survival has been discussed extensively in the literature. Strategic agility is an emerging area of research in the agility domain. It is a multidimensional concept, which includes both the ability to detect, anticipate, and sense market opportunities, evolving conditions, and other environmental changes and the ability to seize the opportunity with speed and implement new solutions. The paper discusses the concept of strategic agility and its impact on competitive advantage. The discussions are illustrated based on research carried out on Indian retail banks clarifying both the constituents of strategic agility as well as its contribution towards building a sustainable competitive advantage.
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