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Drawing on the industry structure view, RBV, and the dynamic capabilities approach strategic decisions follow either of two basic logics: Firms attempt to predict an uncertain future better than competitors (see planning school of strategy) or adopt faster to changing circumstances (see learning school of strategy) (Wiltbank et al. 2006, p. 983).
Projects and policies, they say, can move faster, adapt to changing circumstances and be more effective, helping to lift more communities out of poverty and even save lives.
Medical practices operate in fast changing, complex circumstances.
Further, the hybrid is shown to out perform reinforcement learning alone in terms of faster adaptation to the changing circumstances of sensor failure.
His 2005 termination letter cited "changing circumstances".
The challenge they face in order to remain relevant in a fast-changing world economy is to retool themselves so that the countries in the middle, the fast-growing emerging markets, also see them as useful institutions that are not beholden to the club of rich countries and that adapt well to changing circumstances.
Zuckerman reckons that changing circumstances call for a new approach.
In changing circumstances, humans evaluate alternative courses of action.
But changing circumstances often require a reassessment of those commitments.
Systems and processes tend to endure, regardless of changing circumstances.
Despite its changing circumstances, Dell is hardly down and out.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com