Some elements of theory of opportunities

Abstract

An enterprise operates in a macroenvironment and in an industry environment. There are not only threats in the environment but also situational factors that are in favor of the enterprise as well. These are either chances or opportunities. Opportunities exist for agile enterprises. The agile enterprise is able to perceive them quickly and use them effectively. In this article, chances and opportunities are distinguished. This matter is discussed in the context of the situation's time horizon and complexity and of the enterprise's awareness of using them. In what follows, the segments of environment where opportunities can be searched for are presented as well as a typology of opportunities and the cycle of opportunity life span. On one hand, these topics are not discussed widely in the literature; on the other hand, they seem to be the basic components of opportunity theory, which should be elaborated to help enterprises in their process of becoming agile. This article synthesizes both literature and case studies. C

Integrating SWOT analysis into the FMEA methodology to improve corrective action decision making

“…Both strengths and weaknesses variables are located in the internal company environment and are thus easier to control and manage than threats and opportunities which usually come from external environment. According to Trzcieliňski and Trzcieliňska (2011), opportunity in SWOT analysis is defined as "any internal and external favourable factors which can be solutions to the problems faced by companies". Meanwhile, threats are defined as "any unfavourable factors which hinder the achievement of company objectives".…”

“…In these situations, the existence of any events that possibly hinder company to achieve its goals are called 'threats' (Trzcieliňski and Trzcieliňska, 2011). In this study, business threat quantification is estimated based on its expected loss in monetary terms and its resilience index RT l .…”

Agile Enterprise: A Human Factors Perspective

“…The existing body of literature provides some criteria to decide whether an enterprise is agile, for example Forsythe (1997), Huumonen (2011), and Sherehiy and Karwowski (2014). We believe that one of the best classifications distinguishes the following features: brightness, flexibility, intelligence, and shrewdness (Trzcieliński & Trzcielińska, 2011). Trzcieliński (2011) notes that among agile organizations four subtypes of agility can be distinguishedsocial, entrepreneurial, technological, and financial.…”