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A key to prosperity in hypercompetitive markets: organizational “hyperflexibility”

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  • James Carlopio

    (Faculty of Business, Technology and Sustainable Development Bond University)

  • Michael Harvey

    (Faculty of Business, Technology and Sustainable Development Bond University)

  • Timothy Kiessling

    (University of Mississippi & Bond University School of Business Gold Coast Queensland)

Abstract

Today’s global business mindset requires flexibility and the ability to make changes to our organization, at all levels, quickly. Organizational flexibility is achieved when any component of an organization, and any individual within an organization, can be flexible if and when needed We have been limiting ourselves by equating organizational flexibility with specific, narrowly conceived types of fl exibility, such as strategic, operational or labor flexibility. In this paper, we apply the classic Katz and Kahn1 open systems conceptualization of an organization and its subsystems in order to more broadly conceive the concept of organizational flexibility. We then illustrate how the types of fl exibility that have been discussed in the literature to date fit into these subsystems, and that the application of the open systems framework both grounds the concept of organizational flexibility in open systems theory and illuminates the ways in which organizations and individuals need to be flexible in order to prosper in today’s hypercompetitive markets.

Suggested Citation

  • James Carlopio & Michael Harvey & Timothy Kiessling, 2012. "A key to prosperity in hypercompetitive markets: organizational “hyperflexibility”," Tržište/Market, Faculty of Economics and Business, University of Zagreb, vol. 24(2), pages 189-200.
    • Handle: RePEc:zag:market:v:24:y:2012:i:2:p:189-200
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    References listed on IDEAS

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    Cited by:

    1. Matevž Rašković & Maja Makovec Brenčič, 2015. "The Trust-Committment-Flexibility Link in Transnational Buyer-Supplier Relationships: A Network Perspective," Tržište/Market, Faculty of Economics and Business, University of Zagreb, vol. 27(1), pages 7-19.

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