Strategic Response to Turbulence

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Strategic Response to Turbulence

Lessons from Real Shocks

9781035340392 Edward Elgar Publishing
Edited by Karol Marek Klimczak, Professor of Management, Lodz University of Technology, Lodz, Poland and Yochanan Shachmurove, Professor of Economics and Business, City College and Graduate Center, City University of New York, New York, US
Publication Date: January 2025 ISBN: 978 1 03534 039 2 Extent: c 240 pp
This cutting-edge book brings together an international team of academics to paint a global picture of business strategy in response to recent shocks, from the COVID-19 pandemic to rapid climate change.

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This cutting-edge book brings together an international team of academics to paint a global picture of business strategy in response to recent shocks, from the COVID-19 pandemic to rapid climate change.

Drawing on novel empirical research and nuanced methodologies, this book provides actionable strategies for overcoming future crises. Chapters represent a broad range of core industries, such as education, Information and Communications Technology (ICT), energy and real estate. They explore how a wide variety of companies deal with shifting client consumption patterns, supply chain fractures and government restrictions. Strategic Response to Turbulence is an essential navigational tool to enhance competitive advantages of firms operating in turbulent environments.

Assessing case studies from a broad range of geographical locations, this book is useful for students and scholars of geography, management, entrepreneurship, leadership and organisational behaviour. It is beneficial for those working in leadership positions seeking to understand how to overcome unforeseen challenges in different industries.
Critical Acclaim
‘The book Strategic Response to Turbulence: Lessons from Real Shocks co-edited by Karol M. Klimczak and Yochanan Shachmurove is a seminal work that catalogues strategic responses of a diverse range of industries across the globe to recent economic shocks and upheavals. It offers a comprehensive and inclusive analysis that spans multiple sectors and geographical regions, providing a rich tapestry of insights that are both practical and theoretically profound.

In concrete settings, the editors and the contributors study how businesses worldwide have adapted their strategies in response to recent disruptions like pandemics, economic fluctuations, and geopolitical upheavals. The international scope of the book is commendable. It incorporates case studies from North Africa, Europe, Africa, and Asia, each contributing unique perspectives on managing strategic changes and fostering resilience. This global viewpoint is crucial for understanding the interconnected nature of modern economies and the widespread impacts of global shocks. I recommend this book to researchers, policy makers, executives at all levels of the organization, and students looking for a comprehensive resource on strategic management and innovation.’
– Jerzy Boehlke, Nicolaus Copernicus University, Poland

‘There are three reasons why you should read this book. Firstly, it is truly international in scope. Secondly, it offers real insight into the two key issues that all organisations face – volatility and turbulence. Lastly, it provides managers with sound advice, and students with a real understanding of the challenges organisations face and how they can be addressed.’
– Bernard Burnes, University of Stirling, UK

‘Whether due to the challenges of new technologies or the climate crisis, in developed or emerging markets, large or small firms – we are all challenged to ride a wild wave of rapid and discontinuous change. This book provides rich insights about how to do that by documenting and reflecting on a range of cases.’
– Helena Barnard, University of Pretoria, South Africa

‘Strategic Response to Turbulence: Lessons from Real Shocks provides a vital and insightful examination of the challenges and opportunities of managing strategic change in volatile times. Klimczak and Shachmurove have assembled a remarkable collection of contributions examining a range of exciting cases, offering valuable insight into how firms can navigate future crises. This book is highly relevant for scholars, students, and practitioners interested in strategic change.’
– Marcus M. Larsen, Copenhagen Business School, Denmark

‘The book Strategic Response to Turbulence: Lessons from Real Shocks, co-edited by Karol Klimczak and my former student, Yochanan Shachmurove, focuses on how companies adapt their strategies to global disruption. The book stresses the need for flexible and forward-looking approaches to managing unpredictable economic environments.

In the book, the editors examine strategic responses to both acute and chronic crises, including economic disruptions following geopolitical events as well as responses to climate change and energy volatility. The book details management decisions and strategic adaptations to external threats, emphasizing the need for effective policy responses. Importantly, the authors emphasize the role of strategic planning, constructing an array of possible eventualities based on forming rules rather than ad hoc discretion. I highly recommend this book to researchers, academicians, policy makers, and chief executive officers interested in coherent responses to market dynamics and turbulence.''
– Finn Kydland, University of California, Santa Barbara, US
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