Bridge to the future: connect your strategies in an interconnected world
The chief contention of this paper is that, in today's interconnected world sustainable competitive advantage depends on two factors: how well networked a firm is; and how well the firm can foresee future opportunities. The second factor is the consequence of first one. These two factors together suggest a paradigm shift in the strategy crafting process: from "strategies-for-profit" to "strategies-that-connect". The aim is to focus on these issues. Design/methodology/approach ‐ The paper draws inferences from literature review and presents a structured argument. Findings ‐ Increasingly, visualization of opportunities, which has not yet arisen, but will arise in due course of time, will play a key role in the strategy crafting process in the coming years. Practical implications ‐ The findings of the paper may facilitate the crafting of better strategies and reducing the risk of strategic failures. Originality/value ‐ The paper suggests a paradigm shift in crafting strategy in an interconnected world.
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