Business Agility Definition: What Agility Is and Why It Matters

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.

View

More Innovation Resources:

Organizational Revolutions through Idea Hacking

Hackathons are a cost-effective way to generate innovative ideas that can revolutionize your organization by getting an outside-in perspective.

View

Innovation through Co-opetition

Innovation in business models is key to growth, but how do you do it? Combining Systematic Inventive Thinking and Co-opetition can generate innovative business model components and themes to give your business an edge.

View

Why Foresight Is For Everyone

Foresight is a powerful tool for organizations to anticipate and adapt to uncertain futures. This article explains how Foresight and Strategy, environmental scanning, and Strategic Foresight actions can contribute to positive adaptability and growth.

View