Managing strategic change

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12 Terms

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Incremental change

Gradual or small-scale adjustments made to existing processes, products or strategies within a business, often aimed at improvement without fundamentally altering the status quo.

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Disruptive change

Radical or transformative shifts that significantly alter industry dynamics, business models or market structures, often leading to the displacement of established players and the emergence of new ones.

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Restructuring

A strategic reorganisation of an organisation's structure, operations or resources, often involving changes to departments, roles, processes or hierarchies to improve efficiency or adapt to new challenges.

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Delayering

The process of reducing the number of hierarchical levels or management layers.

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Organic structure

An organisational design characterised by decentralised decision-making, flexible roles and responsibilities, and fluid communication channels.

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Mechanistic structure

An organisational design characterised by centralised decision-making, clear hierarchies, formalised roles and procedures, and standardised processes, often found in larger or more traditional organisations.

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Organisational culture

The shared values, beliefs, norms and behaviours that define the identity and personality of a business, shaping its attitudes, actions and interactions.

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Planned strategy

A deliberate and systematic approach to strategic planning and decision-making, involving formal processes, analysis and goal setting to guide future actions and resource allocation.

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Emergent strategy

A strategy that evolves over time in response to changing internal and external conditions.

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Strategic drift

The divergence of business's strategy to the external environment. It occurs when a business fails to adapt its strategy in response to changes in its external environment.

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Contingency planning

The process of preparing for and managing unexpected events, crises or uncertainties that may impact the operations or performance of a business, involving risk assessment, mitigation strategies and response plans.

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Crisis management

The coordinated process of identifying, managing and resolving crises or emergencies that threaten the reputation, operations or viability of a business, involving crisis communication, decision-making and recovery efforts.