Adaptation to climate change by business organisations

Climate variability and change generate new conditions to which social actors (people, households, businesses and public sector agencies) respond through managing risks or by exploiting new opportunities. This chapter summarizes some literature on organisational adaptation, including adaptation to climate variability and change. Research on business adaptation reflects a well-established debate in organisational studies about the extent to which organisational change is an outcome of internal adaptation or external selection. Adaptation may therefore imply a more radical organisational, strategic or business model transformation.