“…Organizational flexibility is the degree to which an organization possesses a variety of actual and potential procedures to improve the controllability of the organization and environment (Palanisamy, 2005). The processes underlying flexibility are multidimensionsal with prior research adopting differing perspectives, such as economic (Klein, 1984), organizational (Jennings and Seaman, 1994), operational (Newman et al, 1993) and strategic (Sanchez, 1995).…”