ABSTRACT
Companies are facing much greater challenges to survive and thrive in this ever-complex climate and environment. Organizations are ever more likely to face crises. While some crises may cause minor roadblocks, others might cause disruption on an unprecedented level. For organizations to survive such episodes, sustainability and agility when facing change are two crucial interlinking factors that come into play. The demise of many organizations can be attributed to reluctance in engaging in organizational change and learning. Organizational longevity, or the continued existence of an organization even after the founding members leave, is one aspect that can categorize the sustainability of an organization. For an organization to sustain itself, it must be stable, continuous, and long-lived. For organizations to survive an unpredictable dynamic business climate, it is crucial that they invest in attaining business success in the area of managerial processes such as innovation and technology process systems, project management, communication systems, management of change, and resource management. To sustain itself, an organization must be agile in responding to changes in the environment. Agility in the 21st century is no longer a choice but a necessity. Constant evolving changes in the environment require speedy responsiveness and adaptability. The size and market can blind and hinder an organization’s ability to detect and speedily respond to changes which could have improved its competitiveness. In this chapter, we will illustrate the recommended strategies adopted to be agile and sustainable in navigating in an unprecedented situational phase.
