Business Agility Definition: What Agility Is and Why It Matters

The traditional approach to business management, marked by lengthy and tedious planning cycles, is giving way to a more agile and dynamic approach that is focused on meeting the ever-changing demands of customers. Agility has become a crucial aspect of business management, and the most successful organizations are those that are able to strike a balance between stabilizing and dynamic practices. According to McKinsey&Company, balancing stability and dynamism is the key to business agility. Some organizations lack either stability, dynamism, or both, but companies that have achieved a balance can easily cultivate efficiency and sustainability, as well as respond quickly and nimbly to new opportunities and threats.