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Strategic Flexibility in Ecosystem

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  • Sushil

    (Indian Institute of Technology Delhi)

Abstract

Flexibility at the level of the enterprise alone would not be effective until the rest of the ecosystem is also flexible. The highest level of flexibility maturity would lie in the strategic flexibility for the ecosystem as a whole. The ecosystem of technology, partners, suppliers, market, regulators, application providers, financiers, and many other relevant actors and processes would create strategic flexibility for innovation, new product development, new market creation, and meeting unforeseen changes in the environment. This leads to multiple types of flexibilities such as marketing flexibility to reach out to the users in a variety of ways, financial flexibility of choosing the right payment option, combination flexibility of packaging multiple services, change flexibility of amendment and cancellation of bookings made with minimum penalties, reach flexibility to take decisions anytime–anywhere, and logistics flexibility of tracking the order. It would be interesting as well as challenging to carry out the valuation of strategic flexibility in the ecosystem, which is far more complex than valuation of flexibility initiatives taken by a single enterprise.

Suggested Citation

  • Sushil, 2016. "Strategic Flexibility in Ecosystem," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 17(3), pages 247-248, September.
    • Handle: RePEc:spr:gjofsm:v:17:y:2016:i:3:d:10.1007_s40171-016-0138-0
    DOI: 10.1007/s40171-016-0138-0
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    Citations

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    Cited by:

    1. Adilson Carlos Yoshikuni & Rajeev Dwivedi & Ronaldo Gomes Dultra-de-Lima & Claudio Parisi & José Carlos Tiomatsu Oyadomari, 2023. "Role of Emerging Technologies in Accounting Information Systems for Achieving Strategic Flexibility through Decision-Making Performance: An Exploratory Study Based on North American and South American," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 24(2), pages 199-218, June.
    2. Kumar Shalender & Rajesh Kumar Yadav, 2019. "Strategic Flexibility, Manager Personality, and Firm Performance: The Case of Indian Automobile Industry," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 20(1), pages 77-90, March.
    3. Sanjai Kumar Shukla & Sushil & Manoj Kumar Sharma, 2019. "Managerial Paradox Toward Flexibility: Emergent Views Using Thematic Analysis of Literature," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 20(4), pages 349-370, December.
    4. Srikanta Acharya, 2019. "Beyond Learning Outcomes: Impact of Organizational Flexibility on Strategic Performance Measures of Commercial E-Learning Providers," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 20(1), pages 31-41, March.
    5. C. O. Iroham & M. E. Emetere & H. I. Okagbue & O. Ogunkoya & O. D. Durodola & N. J. Peter & O. M. Akinwale, 2019. "Modified Pricing Model for Negotiation of Mortgage Valuation Between Estate Surveyors and Valuers and Their Clients," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 20(4), pages 337-347, December.
    6. Shashank Mittal, 2019. "Role of Continuity, Specificity and Frequency of Firm–Supplier Exchanges in Customer Fulfilment: Evidence from Latin America," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 20(1), pages 25-37, December.
    7. Kirankumar S. Momaya & Sneha Bhat & Lalit Lalwani, 2017. "Institutional Growth and Industrial Competitiveness: Exploring the Role of Strategic Flexibility Taking the Case of Select Institutes in India," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 18(2), pages 111-122, June.
    8. Muhammad Farooq & Valliappan Raju, 2019. "Want to Stay the Market Leader in the Era of Transformative Marketing? Keep the Customers Satisfied!," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 20(3), pages 257-266, September.
    9. Arpan Kumar Kar & Sunil Kumar & P. Vigneswara Ilavarasan, 2021. "Modelling the Service Experience Encounters Using User-Generated Content: A Text Mining Approach," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 22(4), pages 267-288, December.
    10. Muhammad Farooq & Valliappan Raju, 2019. "Impact of Over-the-Top (OTT) Services on the Telecom Companies in the Era of Transformative Marketing," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 20(2), pages 177-188, June.
    11. Valliappan Raju, 2021. "Implementing Flexible Systems in Doctoral Viva Defense Through Virtual Mechanism," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 22(2), pages 127-139, June.
    12. Sricharan Chirra & Dinesh Kumar, 2018. "Evaluation of Supply Chain Flexibility in Automobile Industry with Fuzzy DEMATEL Approach," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 19(4), pages 305-319, December.
    13. Sanjay Dhir & Sushil, 2017. "Flexibility in Modification and Termination of Cross-Border Joint Ventures," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 18(2), pages 139-151, June.
    14. Philip Ebow Bondzi–Simpson & Kingsley S. Agomor, 2021. "Financing Public Universities in Ghana Through Strategic Agility: Lessons from Ghana Institute of Management and Public Administration (GIMPA)," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 22(1), pages 1-15, March.
    15. Claudio Sassanelli & Sergio Terzi, 2022. "The D-BEST Reference Model: A Flexible and Sustainable Support for the Digital Transformation of Small and Medium Enterprises," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 23(3), pages 345-370, September.
    16. Riccardo Aldrighetti & Ilenia Zennaro & Serena Finco & Daria Battini, 2019. "Healthcare Supply Chain Simulation with Disruption Considerations: A Case Study from Northern Italy," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 20(1), pages 81-102, December.
    17. Anil Kumar & Manoj Kumar Dash, 2017. "Using Fuzzy Delphi and Generalized Fuzzy TOPSIS to Evaluate Technological Service Flexibility Dimensions of Internet Malls," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 18(2), pages 153-161, June.

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