Business Commons^™

Virtual Flexibility: A Reexamination Of The Concept Of Organizational Slack, Roy B. Johnson, John Minton, John W. Ray

Mountain Plains Journal of Business and Technology

This article reviews changes taking place in the business environment and in the field of strategic management, contrasting the traditional industrial organizational economics paradigm with the new hypercompetitive or Austrian paradigm. It then demonstrates the implications of this paradigm shift in a detailed examination of the concept of organizational slack, highlighting new forms, applications and value for slack in the new hypercompetitive environment.