Asked by Laura Derhamer on May 28, 2024

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Why is strategic competitiveness important for organisational survival and success in a turbulent environment? Why is continuous innovation important for organisational survival and success in a turbulent environment?

Strategic Competitiveness

Achieving a favorable position in the market by implementing unique strategies that leverage the organization's strengths in response to external opportunities and threats.

Continuous Innovation

An ongoing process of developing new or improved products, services, or processes that provide significant advances or competitive advantages.

Organisational Survival

The ability of an organization to continue functioning over time, adapting to changes and overcoming challenges.

  • Identify the role of strategic competitiveness and continuous innovation for organizational survival and success.
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Mahnoor NadeemJun 02, 2024
Final Answer :
The years ahead will be radically different from those past. Organisations must be prepared not only to change, but to change continuously and in the face of ever-present uncertainties. Managers must learn to stimulate and lead change in ways that create true learning organisations in which everyone sets aside old ways of thinking, become self-aware and open to others, learns how the whole organisation works, understands and agrees to action plans and works together to accomplish the plans. This will enable organisations to face the 21st century, which is driven by innovation, requiring creation of new ideas and putting them into practice.