Traditional approaches to strategic planning rely for their success on accurate predictions of the future. But the nature of the uncertainty that imbues almost every aspect of today's business environment has made prediction and even forecasting essentially useless. And since many significant but unforeseen threats and opportunities crop up faster than firms can respond to them, neither can executives rely on "agility" as a mechanism for coping with uncertainty. Consequently, today's competitive environment demands a new approach to strategic planning. This report by Deloitte Research presents just such a framework - Strategic Flexibility.

Strategic Flexibility builds upon the established practices of scenario-based planning and strategy formulation, but combines them with insights drawn from the emerging field of real options to create something entirely new. The result is an approach to strategic planning and strategy implementation that is absolutely indispensable to today's global enterprises. Learn more from the PDF file attachment below.

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Operating through a network of research professionals, senior consultants, academics and technology partners, Deloitte Research delivers innovative, practical insights companies can use to improve their overall business performance. Through its in-depth publications, surveys, reports and commentary, Deloitte Research identifies, analyzes and explains major issues that drive today's business dynamics and shape tomorrow's marketplace.