Building Business Adaptability: Navigating Organizational Adaptation in Times of Disruption
Building Business Adaptability: Navigating Organizational Adaptation in Times of Disruption

Author(s): Larisa Hrustek
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Business adaptability; Disruption; Business model
Summary/Abstract: Disruptions, such as digital innovations, economic crises, legislative shifts, conflicts, and pandemics, are becoming increasingly frequent and complex, necessitating a heightened organizational capacity for rapid adaptation. While this adaptive capacity is often associated with agility, resilience, and robustness of the business model, its precise definition within the context of business adaptability remains unclear. This paper aims to clarify these concepts by providing a comprehensive overview of their meanings and distinctions, ultimately offering a unified definition of business adaptability. Furthermore, an in-depth review of the key determinants influencing business adaptability is presented. Drawing on secondary data from selected relevant databases, this study synthesizes findings from the literature. In addition to delivering a clear definition of business adaptability - which implies the ability to respond to disruptions - this paper offers valuable insights into the determinants that enhance business adaptability. The proposed recommendations help managers and decision-makers develop strategies for organizations’ business model adaptive capacities.

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