Life brings many challenges and with it comes change. For many people change is difficult and hard. As for H_K it seems to be a growing problems. When there is a division as to people views and different outlook on vision it can causes a multude of problems in alarge array.The global marketplace provides an aggressive environment that requires companies to be strategically flexible and responsive to anticipate the forces and trends of change which impact various industries. Strategic adaptability is very important to the success of companies, along with an organization being kept updated on various trends in the international scene. Trends and Factors will always be a part of the corporate and global environment in which companies will have to adjust in order to optimize their success and to remain a strong contender in the marketplace
Strategic adaptability and its significance can ultimately mean survival or extinction for some companies and industries. Strategic adaptability is defined as "a firm's ability to change its business practices and viable tactics in response to changing trends and factors of their environment, in exchange this encourages companies to scan the remote environment and create strategic plans that provide benchmarks, forecast, and guidelines for the company in the next three to five years.
As a result, it creates a strategic adaptability atmosphere that opens the door for CEOs to develop partnerships and alliances on how to make the most of their strengths and alleviate their weaknesses. Strategic adaptability compels a firm to not only scan the environment but ensure the strategic direction remains flexible, politically, socially, ecologically, economically, and technologically sensitive to issues that could dramatically change a company's performance, profitability, market share and wealth maximization.
General Motor's (GM) ability to stay viable, strategically adaptable, and remain a leader in the industry will require...