This series will focus on Organizational Agility and is comprised of the elements we find critical for you to be aware of to thoroughly understand what it takes to be an agile organization.
What is it?
Rapid changes in the environment we live in have made it critical for companies to be able to adapt quickly. Organizations are changing and releasing new tools and solutions every day, our clients are hungry for success, and competition is often emerging from unexpected places with companies changing markets suddenly (i.e. Amazon’s decision to go into healthcare). History -and biology- show that if we’re not able to respond and adapt swiftly, we’re out of the game. In today’s business environment, organizational agility is a necessity, not a luxury. Organizational agility is described as:
“The capability of a company to rapidly change or adapt in response to changes in the market. A high degree of organizational agility can help a company to react successfully to the emergence of new competitors, the development of new industry-changing technologies, or sudden shifts in overall market conditions.”
Competitive advantage depends on the ability to move quickly, decisively, and efficiently. But how do we achieve this? Creating the culture that has a built-in capacity for agility. Agile companies focus on the ability and capacity to implement changes, as well as the ability to verify the contribution of execution to performance. Agility makes companies adaptable and proactively nimble as part of their culture.
Want to know more about how to make the transition to agility? We will reveal more about the steps you need to think about when contemplating such a transformation in this series.