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The Dynamics
of Strategic Agility:
NOKIA’S ROLLERCOASTER
EXPERIENCE
Yves Doz
Mikko Kosonen
o CEOs, strategic agility is a conundrum. Being strategic evokes
peering far into the future, making strong choices and holding firm
commitments, unwaveringly deploying resources to implement
Tthem, and having every senior executive single-mindedly and indi-
vidually dedicated to achieving them. In contrast, being agile evokes staying
nimble and flexible, open to new evidence, always ready to reassess past choices
and change direction in light of new developments, and willing and able to turn
on a dime. In an agile company, top management constantly adjusts courses of
action and development trajectories and does not satisfy itself with periodic
strategy reviews. Agility is at an increasing premium. A former president of
Nokia captured the point succinctly:
“Five to ten years ago, you would set your vision and strategy and then start fol-
lowing it. That does not work any more. Now you have to be alert every day,
week, and month to renew your strategy.”1
Indeed, strategic agility has become a real-life, hard-to-resolve contradic-
tion for corporate leaders and their executive teams. Strong strategic commit-
ments may help companies gain momentum toward ambitious objectives, but
paradoxically may also lead a company to develop inertia or to be wrong-footed
when technological disruptions occur, market circumstances change, or unex-
pected competitors appear. They are vulnerable to discontinuities.2 Some fade
away, some are acquired or disappear (Digital, Polaroid, and Wang), others go
through massive downsizing, extensive turmoil, and transformation (IBM,
The authors are indebted to José Santos for comments on an earlier draft and helpful suggestions
about how to develop our argument. They are also grateful to Domi
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