Turbulent Business Environment in The Chemicals Industry Sector and Navigation Strategies

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

Today’s turbulent business environment which is characterized by rapid technological changes and increased globalization, has swept away industry and market conditions that previously defined competitive conditions. Such an environment requires flexible strategic solutions that respond quickly to these rapid changes. This work will therefore look at the need for dynamic strategy in today’s business basing on the systematic review of relevant literature. It will also focus on the need for dynamic capabilities and competencies that are necessary for coping with the ever changing business environment for GlobalChem.

Original languageEnglish
Title of host publicationProceedings - 2021 IEOM India Conference
EditorsShekar Babu, Devdas Shetty, V. Vasu, R.R.K. Sharma, Ahad Ali
PublisherIEOM Society
Pages62
Number of pages1
ISBN (Print)9781792361289
Publication statusPublished - 2021
Event1st Indian International Conference on Industrial Engineering and Operations Management, IEOM 2021 - Virtual, Online
Duration: 16 Aug 202118 Aug 2021

Publication series

NameProceedings of the International Conference on Industrial Engineering and Operations Management
ISSN (Electronic)2169-8767

Conference

Conference1st Indian International Conference on Industrial Engineering and Operations Management, IEOM 2021
CityVirtual, Online
Period16/08/2118/08/21

Keywords

  • Dynamic capabilities
  • Dynamic competencies
  • Dynamic strategy
  • Turbulent business environment

ASJC Scopus subject areas

  • Strategy and Management
  • Management Science and Operations Research
  • Control and Systems Engineering
  • Industrial and Manufacturing Engineering

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