What is Business Agility?

What does Business Agility mean for an organization?

Company’s ability to adapt to the changes.

Business agility refers to distinct qualities that allow organisations to respond rapidly to changes in the internal and external environment without losing momentum or vision. Adaptability, flexibility and balance are three qualities essential to long-term business agility.

Business agility is important for firms looking to survive long-term

Why Business Agility is needed for an Organization?

Please find below some of the factors which force the organization on the path of Business Agility:

• New Disruptive Technologies
• Government and Legislative Changes
• Continuous Improvement
• Social Media
• Rising Customer Expectations
• Global Competitiveness

How to build a Sustainable Business Agility?

Please find below few key traits for building Sustainable Business Agility:

Growth Mindset

• Emphasis on learning, growth and effort
• Openness to Experiment
• Actively seeking feedback

Self-Organizing

• Greater empowerment of team members to Self-manage and share accountability
• Increasing participation in management processes

Strength Based

• Constant focus on capabilities
• Leverage capabilities to address challenges
• Ensure teams and team members are aware of and develop their strengths

Purpose Centered

• Understanding, defining, and leaving your ‘Why’ (Purpose)
• Being driven by authentic values and principles
• Having a clear vision of success standards
• Living it and measuring it

Emotional Intelligence and Mindfulness

• Use of mindful practices to enhance focus and awareness
• Develop the capability to actively manage using emotion

Benefits of Business Agility

• Market Success
• Better ways of working
• Collaboration
• Employee Satisfaction
• Speed to Market
• Customer Satisfaction
• Agile Mindset
• Adaptive Leadership

Agile Toolset is a mean to advance Business Agility

• Visual Management
• Continuous Delivery
• MVP
• Value Stream Mapping
• Lean
• Applying Lean Startup Principles
• Scrum
• Kanban
• XP