Business agility is key to the survival of your organization.
Business Agility is a mindset, it is about growing and developing an adaptable organism that is constantly evolving to survive and thrive. It is not only about technology, digitalization or processes. It is much more.
Achieving this goal lies beyond the performance capability of an internally-focused bureaucracy. And, firms that can’t deliver this won’t survive.
Companies must break away from the assumption of sustainable competitive advantage and embrace adaptable differentiation.
While most large organizations are still learning how to master operational Agility, the main financial benefits will flow from the next Agile frontier: Business Agility.
Benefits for your business
- Increased productivity and innovation
- Flexibility to adapt to changing market conditions
- Reduced time to market
- Reduced Operational Costs
- Increased employee morale, engagement and motivation
The current dynamics of business requires companies to be constantly changing and adapting. To achieve this, we need to have people, structures, processes and information systems in place to help detect changes in time, decide wisely and execute quickly. This is, in essence, the principle of the concept Business Agility.
Agile companies are characterized by being extremely sensitive to changes in the environment and having the ability to reconfigure their structures very quickly to meet new challenges, identify business opportunities and coordinating an effective response in a short time.
Business Agility is definitely an essential competitive advantage required to become aware of what is happening in the environment, take decisions based on data and, people and technology prepared to adapt to new market conditions.