#CIO, Master volatility through an adaptation strategy. React to changes as they occur.

???? Develop a business adaptation strategy using these basic methods and components to accelerate your company's responsiveness and strengthen its resilience.

???? Strategies developed using traditional deadline-based processes largely rely on certainties, making them quickly obsolete and hindering their ability to adapt to change. As leaders seek to drive growth in today's highly volatile business conditions, they need an evolving strategic approach focused on events.

???? An adaptive approach to long-term strategy is more aligned with the current context, where business models are transforming more frequently and often more radically. The faster the pace of change, the more imperative adaptability becomes.

We see the following topics:

• ???? Where to start with adaptation strategy?
• ???? Four basic methods for adaptation a strategy
• ???? The nine constituent elements of an adaptation strategy
• ???? The constituent elements are divided into three categories

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???? Where to start with adaptation strategy?

Leaders aiming to make their company's strategy more flexible should:

• Identify the challenges encountered in strategy definition, such as the length of the development timeline and the slowness of its response to changes.
• Identify the most relevant methods for adaptation strategy to overcome these challenges, for example by starting strategy implementation as early as possible.
• Select and implement appropriate fundamental components, such as real-time analysis, to support priority adaptation methods.

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???? Four basic methods for adaptation a strategy

The four methods are identified for a company to develop an adaptation strategy. Although a truly adaptive approach relies on these four fundamental methods, companies often initially focus on one or two methods that address their immediate strategic challenges.

• Start implementation as early as possible
• React to changes as they occur
• Accept and exploit uncertainty factors
• Involve all stakeholders in strategy

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No. 2: React to changes as they occur

???? In today's context characterized by numerous disruptions, few companies can afford to wait a year to review their strategy, as was the case when the business environment evolved slowly and disruptions were infrequent, if not non-existent. Some are now revising their strategy on a quarterly or even monthly basis, but a truly adaptive company continuously monitors its business environment and engages in strategy revision as soon as new information becomes available to readjust according to the context. The guiding vision of an adaptation strategy can always be long-term and bold, but it must be continually enriched (rather than completely changed at regular intervals) to push the boundaries of what the company must do to succeed.

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???? In summary, if you aim to make your strategy more flexible, consider identifying challenges, determining the most relevant method, and selecting appropriate fundamental components.