What is Business Agility?
It is the ability of an organization to adapt and respond to change.
Definition
Business Agility, or Corporate Agility, refers to an organization's ability to adapt and respond to change in a rapid, continuous, and systematic manner, staying profitable and outperforming its competition.
Adaptation
It involves creating and delivering new value to customers, successfully meeting their evolving needs, and thereby gaining a competitive advantage.
Importance
Business Agility is crucial in today's digital age, where rapid and radical changes in the business environment require organizations to be flexible and resilient.
Customer-Centric
Business Agility involves a deep consideration of customer needs and a commitment to delivering value to them (Customer Centricity).
Data
Recognizing the importance of data and leveraging it as a strategic asset is a key element of Business Agility.
Market Observation
Constant monitoring of the market is necessary to adapt to changing conditions and customer demands.
Decision Processes
Implementing agile decision-making processes that continuously assess business opportunities and initiatives.
Portfolio Adjustment
A key to Business Agility is quickly adapting the portfolio of business initiatives to meet organizational objectives.
Organizational Structure
An important part of the approach is the need to adapt the organizational structure to be more flexible and responsive to change.
Leadership Focus
Business Agility emphasizes leadership in the context of digital transformation and the importance of agility in modern business.