Change is ever present in an adaptive business. Adaptation is necessary to respond to external change and to innovate.
Adaptation can bring new or modified business models – strategy – of how the business sustainably delivers value. New business models bring new or modified systems and processes to implement the models. Adaptability requires continual learning to achieve and maintain mastery for the updated systems and processes. Culture may also need to adapt.
In short, we must focus on and work with the total business model:
The difficulty is achieving and accelerating adaptability without a lot of overhead. Overhead both adds cost and reduces adaptability and responsiveness.
There is a simple solution.
