2021
DOI: 10.1177/00081256211022039
|View full text |Cite
|
Sign up to set email alerts
|

Preparing Organizations for Greater Turbulence

Abstract: Vigilant organizations excel at seeing looming threats and embryonic opportunities sooner than rivals, which prepares them to act faster when needed. Four drivers distinguish vigilant from vulnerable organizations, which can be used to design a roadmap to improve organizational acuity and preparedness. The fulcrum of these changes rests with the leadership team by demonstrating a strong commitment to vigilance at all levels, and reinforcing this by making targeted investments in foresight capabilities. These s… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
1
1
1
1

Citation Types

0
14
0
1

Year Published

2021
2021
2024
2024

Publication Types

Select...
8
1
1

Relationship

0
10

Authors

Journals

citations
Cited by 27 publications
(15 citation statements)
references
References 23 publications
0
14
0
1
Order By: Relevance
“…Because of this, courage is an essential trait for successful leaders [51]. Courage helps leaders to take action and steer things in the right direction rather than avoiding challenges or letting conflicts fester [52]. Speaking the truth is encouraged in a psychologically safe workplace culture [53].…”
Section: Braverymentioning
confidence: 99%
“…Because of this, courage is an essential trait for successful leaders [51]. Courage helps leaders to take action and steer things in the right direction rather than avoiding challenges or letting conflicts fester [52]. Speaking the truth is encouraged in a psychologically safe workplace culture [53].…”
Section: Braverymentioning
confidence: 99%
“…Management practices and tools like scenario planning (Schoemaker, 1993; Sodhi, 2003) and strategic radars (Schoemaker et al., 2013) help managers gather and make sense of information from a broad swath of the environment to create an awareness of signs of structural shifts. Firms that consciously maintain vigilance are “better equipped to anticipate early signals of surprises and more adroit at handling turbulence or upheaval when it strikes” (Schoemaker & Day, 2021, p. 65). Vigilance rests on four pillars: leadership commitment to vigilance; the use of foresight practices; flexible strategy‐making, taking a future‐back and outside‐in approach; and coordination and accountability to receive and interpret weak signals.…”
Section: Future Research Agenda (Rq3)mentioning
confidence: 99%
“…To build strong AMCs, firms should create a culture of discovery, encourage curiosity and focus on long-term results (Schoemaker and Day, 2021), and firms emphasizing exploration usually embrace such culture. Even though exploration provides unique challenges for ISMEs due to their limited resources (Han and Celly, 2008), for two reasons it may increase ISMEs' AMCs and ultimately improve firm performance by achieving a major breakthrough EJM 56,5 in product innovation and/or new market expansion (Özsomer and Gençtürk, 2003;Voss et al, 2008).…”
Section: Improving Amcs and Firm Performance Via Explorationmentioning
confidence: 99%