Knowledge

The Concept of Strategic Renewal Strategic Renewal is the process of change and the outcome of adjustment in strategic direction that have the potential to determine the long-term competitiveness of a firm. The objective of strategic renewal is to provide a strategic fit between a firm's internal capabilities and shifts in the external environment involving technology, markets, industries and the economy  that require a change in the status quo of conducting business. Two Types of Strategic Renewal Incremental renewal : based on a series of regular minor adjustments in the firm in order to alleviate external pressures . This is an evolutionary process of survival that maintains the firm's operations and improves its chances of survival. Gradual change and adaptation, when carried out effectively, empower organizations to cope with changes as they occur. They reduce the pressure to go through more radical more difficult transformations later on. The principle is...

Enterprises must learn how to adapt quickly to changing technology and economic conditions, or they will become extinct. Enterprises that effectively embrace innovative new technologies and business models can positively impact the value of existing products and services offered in the industry. 'Disruption' is so powerful-it enables emergence of new digital products, services and businesses who disrupt the current market, and causes the need for re-evaluation of how businesses innovate, operate and adapt. Organizational change is hard. It requires adopting new behaviors, leadership styles, practices and culture. SAFe accelerates Lean-Agile transformation with the new Implementation Roadmap, which guides enterprises every step of the way. SAFe helps companies to: Innovate and test ideas more quickly using the Lean Startup Cycle and Lean User Experience Deliver much faster with Scalable DevOps and the Continuous Delivery Pipeline Simplify governance and improve portfoli...