Strategic resilience: staying ahead of a crisis

Liisa Välikangas; Paul Merlyn

doi:10.1108/08944310510556964

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Handbook of Business Strategy

ISSN: 1077-5730
Currently published as: Business Strategy Series

Online from: 2000

Subject Area: Strategy

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Strategic resilience: staying ahead of a crisis

Document Information:
Title:	Strategic resilience: staying ahead of a crisis
Author(s):	Liisa Välikangas, (Managing Director at the Woodside Institute. She can reached at +1 650 851 2095; lvalikangas@woodsideinstitute.org), Paul Merlyn, (Senior Analyst at the Woodside Institute. Corporation. He can be reached at pmerlyn@woodsideinstitute.org)
Citation:	Liisa Välikangas, Paul Merlyn, (2005) "Strategic resilience: staying ahead of a crisis", Handbook of Business Strategy, Vol. 6 Iss: 1, pp.55 - 58
Keywords:	Corporate strategy, Turnarounds
Article type:	Case study
DOI:	10.1108/08944310510556964 (Permanent URL)
Publisher:	Emerald Group Publishing Limited
Abstract:	Imagine a world without turnarounds – just well-managed companies. Strategic exploration is the means to achieving strategic resilience. But how can senior managers build organizations where strategic exploration is the rule rather than the exception? First, by exhibiting the courage to explore, and second, by confronting the uncomfortable truths that such exploration might uncover. The article presents a simple but powerful framework, conceived by the Woodside Institute, for strategic exploration. The framework identifies which discoveries merit most attention (“strategic breakthroughs”), which deserve further consideration (“self-discoveries” and “windows of opportunity”), and which will lead to the back of beyond (“duds”). Examples are drawn from IBM, AT&T, Intel, Sony, Cisco, Hewlett-Packard, Nokia, Sun Microsystems, and the Coca-Cola Company.