Year: 2025
Type: article
Abstract: The article explores the essence, role, and key concepts of behavioral strategies, which act as an innovative management tool for enterprises in the context of global competition, digitalization, and economic uncertainty. Behavioral strategies consider psychological, social, and economic factors influencing managerial decision-making, ensuring the flexibility and adaptability of en-terprises to rapid changes in the market environment. The key elements of behavioral strategies are identifiedas: decision-making flexibility, data analytics, innovativeness, customer orientation, organizational culture, and risk management. Their interaction creates a synergistic effect that enables enterprises to achieve sustainable development, reduce risks, and improve resource man-agement efficiency. Particular attention is paid to the role of data analytics, which provides an informational foundation for making well-informed decisions, identifying market trends, and fo-recasting changes. Innovativeness is examined as a driver for the creation of new products and services that meet the changing needs of consumers. The importance of customer orientation, based on analyzing consumer behavior and personalizing offerings to build customer loyalty, is highlighted. Organizational culture and human capital are considered as the foundation for sup-porting innovation and enterprise development. Risk management is analyzed as a mechanism for identifying and minimizing risks, helping enterprises enhance their resilience to external challenges. The study emphasizes the importance of integrating the key elements of behavioral strategies, which ensures a balance between short-term managerial decisions and long-term stra-tegic goals. This integration allows enterprises not only to adapt to changes but also to use chal-lenges as opportunities for growth and improvement. Approaches to implementing behavioral strategies are proposed to support enterprise development in the context of global economic and technological transformations.
Source: Business Inform
Author: Dmytro V. Olenchenko
Institution: National University "Kyiv Aviation Institute"
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4408851766