Larisa Hrustek
- University of Zagreb Faculty of Organization and Informatics, Pavlinska 2, 42000 VaraΕΎdin, Croatia
Abstract:
Disruptions, such as digital innovations, economic crises, legislative shifts, conflicts, and pandemics, are becoming increasingly frequent and complex, necessitating a heightened organizational capacity for rapid adaptation. While this adaptive capacity is often associated with agility, resilience, and robustness of the business model, its precise definition within the context of business adaptability remains unclear. This paper aims to clarify these concepts by providing a comprehensive overview of their meanings and distinctions, ultimately offering a unified definition of business adaptability. Furthermore, an in-depth review of the key determinants influencing business adaptability is presented. Drawing on secondary data from selected relevant databases, this study synthesizes findings from the literature. In addition to delivering a clear definition of business adaptability - which implies the ability to respond to disruptions - this paper offers valuable insights into the determinants that enhance business adaptability. The proposed recommendations help managers and decision-makers develop strategies for organizationsβ business model adaptive capacities.
Tenth International Scientific-Business Conference LIMEN Leadership, Innovation, Management and Economics: Integrated Politics of Research - LIMEN 2024 - International Scientific-Business Conference β LIMEN 2024: Vol 10. Selected Papers , December 5, 2024
Conference Proceedings published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia
ISBN: 9788680194936 , ISSN: 26836149 , DOI: 10.31410/LIMEN.S.P.2024
Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission.
