Strategic Renewal

Strategic renewal refers to a company's ability to adapt and innovate its strategies, products, or operations to respond to changing market conditions or competitive pressures. In the context of corporate entrepreneurship, it involves encouraging entrepreneurial thinking within the organization to explore new opportunities, improve processes, or revitalize its business model. This proactive approach helps companies remain relevant, drive growth, and enhance their competitive edge by fostering a culture that embraces change and experimentation. Essentially, strategic renewal ensures that a company can evolve and thrive in a dynamic business environment.