The responsive strategies are especially important in this new so call normal in the time of the pandemic. The whole world environment is changing, and big economic changes are taking place. Normal and business lives would be changing. Therefore, very responsive strategies would be needed in the coming future.
Let us understand these responsive strategies. The responsive strategy is a process to achieve positive change by shifting current state of things and the perception of the audience, employees or competition (a perceiver) towards strategically favourable for the business, which enables the company smoothly execute their policy.
It is time for managers for rethinking and looking at their business and management strategies and put questions for themselves if their strategies are very responsive to situations.
Response strategies are important in all company decision-makings and should play a central role to respond to all possible situations. There should be always questions and answers, if this happens, then which strategy we should respond with. So there should be always a plan for each challenge.
- A Hayat
The companies that adopting very quickly to environmental changes will always succeed. The companies who responded quickly to pandemic time are doing great and their profits are in millions. It is quite interesting to see a successful company like intel Corporation due to not responding to competition from other is left behind in technology and it may take many years them to respond to and compete with AMD (Advanced Micro Devices, Inc.).
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