Discussion on Weak Signals
It is important to know that
business dynamics always continue to change, and there is no constant situation
to continue without any changes, which means that changes will happen every now
and then. The business organizations do well, which prepares for the future by
taking a proactive strategic management approach. On the other hand, the
companies ignoring this important element found their selves in trouble. So, it
is vital for businesses to understand that they will continue to face different
changes and challenges, and if they have not worked on every aspect of it, then
they may lose the advantage. The common thing followed by organizations is that
they look for strong signals for their future to see aspects, which are going
to make them stronger, but they ignore weak signals, which are equally
important. In this report, the discussion will analyze different research
articles on the topic of weak signals, like what they are, and how important
they can be for business organizations to foresee a future.
Identify and discuss the key concepts
in the texts
The first research article
included in this discussion is titled “Weak
signals: Ansoff today” published in 2011. This article is having a detailed
discussion about weak signals, and how this concept was developed and presented
by Igor Ansoff. The fact of the matter is that companies rely on their
strategic planning to move forward, but Ansoff had other ideas in his mind
regarding future planning. He wanted to develop something, which can be used as
a supplement for strategic planning. Ansoff explained that strategic planning
is good enough by keeping historical trends in mind and making future course of
action, but what will happen when companies will face surprises. It means that
strategic planning only looks for strong signals, which are clear enough to set
the future roadmap. This approach is certainly effective, but it will fail in
situations, where changes are continuous with more rapid happenings. It means
that strategic plan should look for responses, which can be made to continuous
changes and surprises coming to their ways, and for that purpose, they need to
look at weak signals so that adequate responses are made. The idea behind weak
signals is that there are various unforeseen sports in the external
environment, which can change quickly, and strong signals only look at
megatrends, which are clear enough. So, it is vital to analyze weak signals so
that better future screening is done. Ansoff asserted that weak signals are
actually the information, which is based on disconnected knowledge, as well as,
information coming from weak signals is not concrete, rather it is random (Holopainen and Toivonen, 2012)
The other research articles
selected for this discussion is titled as “Weak
Signals and Wild Cards Leading to Transformative Disruption: A Consumer Delphi
Study on the Future of e-Commerce in China”, and it was published in 2018.
This article is also discussing the idea of weak signals like hoe weak signals
can be used for predicting future for e-commerce in China, and how companies
can develop their own course of action, on the basis of this particular
analysis. It is important to understand here that companies base their decision
on trends, which are common and trending in their relevant industries. There
was a time when technology did not have a strong presence in business, so many
changes were predictable, it was a bit easier to do strategic planning. But in
the current business era, the dynamics have been transformed by the evolution
and inclusion of technology, and companies have to deal with a lot of
disruptive information. The business environment is constantly experiencing
different changes, which are complex, uncertain, ambiguous, as well as,
volatile. If a business will face any of such unexpected changes, it can lead
to its failure. So, potential threats should be identified and treated
accordingly. So, it is vital for companies to analyze their environment with
the help of weak signals, which are seeds based on change, and potential
disruptions in the environment are referred to as wild cards, which were not
predicted in the planning, but it suddenly came in the process. After analyzing
weak signals and wild cards, this study was able to find out 27 disruptive
factors (Qi and Tapio, 2018)
Describe and discuss some strong
points of texts
After reading and analyzing both
research articles, it can be said that they have various strong points to
discuss. Both articles have helped to understand the concept of weak signals in
detail so that a reader can get a complete idea about this concept. Both
articles have chosen a research path, which used relevant research
methodologies so that findings are made with some reliable data analysis. In
the first article, the whole discussion is revolving around the concept of weak
signals, which explains each and every minor point. It allows companies to
understand why weak signals are also important while doing strategic planning.
It explains that strong signals will not help to deal with sudden changes and
surprises in the business environment. On the other hand, the second article
also discussed weak signals in detail in relation to wild cards, which helps to
understand the concept more conveniently. It nicely explained the idea of
disruptive information, which comes randomly, and it is hard to predict, but
still, companies have to deal with it. So, if they will use weak signals in
their strategic planning, they will be better prepared to deal with any
unexpected changes and surprises.
Describe and discuss some weak points
Both articles are good enough
with their content, structure, as well as, research methodology, and it is hard
to find out any major weak points. However, the first article regarding weak
signals and Ansoff being analyzed with today’s business era, there were few
weaknesses in the idea developed by Ansoff. He talked about weak signals, which
should be analyzed, and made part of the strategic planning, but he was not
able to provide explicit information, like how to identify sources of weak
signals, and what concrete methods and tools can be used for identification of
weak signals. This is the weak area of this research, and it asserts that more
deep analysis is needed in this regard so that new dimensions are found for
future research. Overall, both articles have presented well enough reliable
information on the relevant topic of weak signals.
Personal Lessons from this reading
It is important to mention here
that whenever research articles are read and analyzed, they always happen to be
useful in so many ways. You always have something to learn from these research
studies. As far as my personal leaning is concerned about reading these two
articles, I would say that both articles were a great learning curve for me. I
had never analyzed and understood the concept of weak signals with such detail
and dynamics, which was made part of these articles. Both articles helped me to
explore new dimensions of strategic planning, which has always been looking at
strong mega trends. This is what I also have been thinking that future planning
is good enough by looking at strong trends and aspects of a business, but I
never thought that weak signals with their wild cards are also critical for the
success of overall planning. I have learned that business dynamics are changing
at a rapid pace, and if companies have to deal with these rapid changes, then
they will have to use weak signals in predicting their future so that they can
deal with any future threats.
References
of Weak Signals
Holopainen, M. and Toivonen, M. (2012) 'Weak
signals: Ansoff today', Futures, vol. 44, pp. 198–205.
Qi, Y. and Tapio, P. (2018) 'Weak Signals and Wild Cards Leading to
Transformative Disruption: A Consumer Delphi Study on the Future of e-Commerce
in China', World Futures Review, vol. 10, no. 1, pp. 54–82.