This is a response to my one of my peer’s discussion post. Please read original discussion post and peer’s discussion response instructions, as well as my original discussion post and original discussion post of peer for perspective. Additionally, please use references, other references and attachments to support response.
Peer’s Discussion Post Response Instructions:
In your replies to your classmates, identify unique approaches, strengths and challenges of their positions on the identified patterns of success. Support your position by using the resources and readings from this module.
Denise’s discussion Post:
In the video, many patterns of success, benefits, and challenges were discussed. Two patterns of success identified pertain to how organizations know when to change course (renewal), and how to adapt to the changing business environment. The business world is unpredictable, and the effort to analyze what can stop success is essential. What works today won’t probably work tomorrow. Anticipating issues or problems can prepare an organization to adapt quickly and reset the strategy. Changes can create confusion and chaos, but this should be part of the culture of the organization. The ability to adapt or strategic flexibility refers to the company’s ability to adapt to the business environment. When the business environment changes, it raises uncertainties and risks. Hence, flexible companies seek to overcome those by adapting their strategy. Stiffness often occurs because companies only focus on past success. They still maintain the old strategy, regardless of whether it is still relevant to current conditions or not. As a result, companies are slow to change and inflexible. Strategic flexibility can be a source of competitive advantage for companies. That allows competitors not to go beyond the company when the environment changes. That way, the company will remain competitive.
References
Brandenburger, A. M., & Stuart, H. W. (2005). Value-based business strategy. Journal of Economics & Management Strategy, 5(1), 5–24. Retrieved October 27, 2021, from https://doi.org/10.1111/j.1430-9134.1996.00005.x
Original Discussion Post instructions:
Please review the enclosed Ted Talk video by Martin Reeves entitled: “Your Strategy Needs a Strategy.” Mr. Reeves advocates a tailored approach to strategic planning and execution that is focused on five distinct patterns of success.

Instructions: Discuss at least two of the patterns of success identified in the video and critically analyze the potential benefits and challenges of each.
My Original Discussion Post:
Hello all,
Some of the patterns of success addressed in the Ted Talk video includes the use of analysis, planning, and execution in a classical environment. As noted, the planning strategy is effective in a business environment with little technological change. The economy in which this approach is applied must be stable and devoid of any fluctuations in industries such as banking (Reeves, 2017). Another strategy that can be a pattern of success is experimentation and adaptation. This strategy will enable envisioning things that do not exist, experimenting with reality, and then exploiting this new idea. This method is applicable in an adaptive environment that is difficult to forecast. In a renewal environment where the company is facing harsh environmental conditions, the company will apply the method of focusing activities and pulling up resources that will enable transiting into other new business strategies.
Focusing on activities and pilling resources to facilitate a new business will benefit the company as it will ensure its survival under harsh environmental conditions. The downside of using this approach is that it will not assure the company of any competitive edge in the industry (Reeves, 2017). The planning in the classical business environment will enable the company to arrange itself in order to cope with the market environment. The downside of this strategy is that it cannot be used in unpredictable economic conditions. In the case of unstable shifting economic conditions, the company that relies on planning and forecasting will not be able to survive the market environment. The challenge of applying the experimentation method is that it will be prone to failures or the inability of the envisioned idea to be exploited in real life (Saunders, 2012). The method, on the other hand, gives a competitive advantage as businesses will be able to thrive in unstable market conditions
References
Reeves, M. (2017, December 1). Your strategy needs a strategy [Video]. TED Talks. https://www.ted.com/talks/martin_reeves_your_strategy_needs_a_strategy (Links to an external site.)
Saunders, E. G. (2012, April 30). The Thought-patterns of success. Harvard Business Review, https://hbr.org/2012/04/the-thought-patterns-of-succes (Links to an external site.)
Reply
Thanks!