Why business agility should be an integral part of your strategy
The global pace of change in every industry is faster than it’s ever been.
Issues and opportunities like new technology, legislative changes, and customer expectations are frequently affecting businesses of all sizes. The ability to adapt to these changes is what makes the difference between a company that is thriving and one that is merely surviving.
According to the Business Agility Institute, business agility is the capacity and willingness of an organization to adapt to, create, and leverage change for their customer’s benefit.
Business agility is about your business’ ability to react swiftly and gracefully to any change. Agile businesses combine speed and stability to pivot effortlessly when the landscape changes.
Businesses who adopt agile practices across their organization consistently outperform their competitors who are still burdened with old ways of thinking and working.
Even better, business agility allows you to challenge and disrupt while your competitors are simply trying to keep up.
How can organizations become agile?
It takes a combination of factors to make a business truly agile, including flexible leadership and technology. Because agility demands that your departments collaborate, becoming an agile business means breaking down silos and aligning goals across departments.
Becoming truly agile can be a challenging but incredibly worthwhile journey. It takes a shift in your strategy, culture, and business structure that allows you to adapt quickly in line with external and internal factors.
The rewards, however, speak for themselves. Businesses who embrace agility experience benefits like faster product delivery time, improved staff engagement, increased revenue, and higher profits.
Business agility is becoming business as usual, is your organization ready?