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Flexibility, Controllability and Risk Measurement Metrics in Changing Pattern of Business Environment

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The Flexible Enterprise

Part of the book series: Flexible Systems Management ((FLEXSYS))

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Abstract

Management Systems has traversed a long way since its inception. The shift is visible from disintegrative mechanistic paradigm to a systemic paradigm. The transformation has followed continua, which is resultant of continuous dynamic interplay between the thesis and the antithesis.

Today’s business environment is more like a white water Kayak race. To succeed in today’s environment, it’s important to have courage in heart with a clear objective to integrate and synthesize the best ideas. Simplicity is a natural instinct in the face of the accelerating pace of change. But in a given situation with so many options, this may be seductive and can cause for destruction. One sign of the struggle for understanding this changing pattern of business is the growing number of organizational change program instituted since the late 1980s. The need is to balance the paradoxes that run through the development, operation, and continual transformation of the enterprises. Managers in the decade ahead will acknowledge and overcome this chaos and complexity not with some set of formulae or rigid management doctrines but by working flexibly and with uncommon intelligence by managing paradox itself.

This chapter is an attempt to identify, select, and establish such flexibility and controllability measurement metrics to understand the paradoxes in a more meaningful manner.

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Authors and Affiliations

  1. KPMG, Gurgaon, India

    Arnab Mitra

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  1. Arnab Mitra
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Correspondence to Arnab Mitra .

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Editors and Affiliations

  1. Department of Management Studies, Indian Institute of Technology Delhi, Hauz Khas, New Delhi, India

    Sushil

  2. BI&A Progr, Stevens Institute of Technology, Hoboken, New Jersey, USA

    Edward A. Stohr (Professor and Director) (Professor and Director)

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Mitra, A. (2014). Flexibility, Controllability and Risk Measurement Metrics in Changing Pattern of Business Environment. In: Sushil, Stohr, E.A. (eds) The Flexible Enterprise. Flexible Systems Management. Springer, New Delhi. https://doi.org/10.1007/978-81-322-1560-8_11

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