Abstract
Modern organizations operate in a continuously changing environment influenced by economic, political, social, and technological developments. These dynamics of change have presented business enterprises with unprecedented opportunities and challenges in their quest for finding new ways to compete. Firms are beginning to move from operating on a regional or national to a global scale. They are increasingly replacing the traditional hierarchical organizational structure with centralized control to a flexible, decentralized setup with varying degrees of autonomy. They are striving to offer customized products in specialized markets to stay competitive. The ability to quickly adapt to changes, such as with time-to-market products, as well as incorporate institutional reforms will be the key to survival for firms.
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Chandra, C., Grabis, J. (2016). Configuration. In: Supply Chain Configuration. Springer, New York, NY. https://doi.org/10.1007/978-1-4939-3557-4_1
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DOI: https://doi.org/10.1007/978-1-4939-3557-4_1
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