Strategic Flexibility of Enterprises

The Role of Business Plan Continuity & Strategic Flexibility: How Do Micro, Small, And Medium-Sized Enterprises Survive Through COVID-19 Pandemic?

“…The researcher found a strategic flexibility framework from (Radomska, 2015) Figure 2: Strategic Flexibility -Framework by (Radomska, 2015) The strategic flexibility framework, provided by Radomska, provided a scheme that comprises strategic management process components building strategic flexibility which has been adopted as the basis of Radomska's further research. The result from Radomska's research resulted in the direction of further research.…”

“…"The direction for further research was only determined. It would be worth investigating the results for groups of enterprises distinguished based on the criterion of size and checking whether flexibility is a characteristic feature of mainly small entities" (Radomska, 2015). The researcher would also like to continue Radomska's further research to check whether flexibility is a characteristic feature of mainly small entities.…”

“…All of the respondents from this research claimed that they never heard of business continuity plan or strategic flexibility. However, even though they were not aware of the 'fancy term' the researcher observed and found out that they were using the same concept and nature of business continuity plan of (Zsidisin, et al, 2003) (from the framework) and showed that their flexibility manifestation of their strategic management area were relevant with the framework shown by (Radomska, 2015).…”

“…And to answer the question from the previous research of Radomska, "checking whether flexibility is a characteristic feature of mainly small entities" (Radomska, 2015), based on the data collected, the researcher is confident that flexibility is a characteristic feature of mainly MSMEs. However, the previous research mainly focuses on how strategic flexibility could affect the businesses' competitive advantage.…”