What is Business Agility?
Agility has emerged as the successor to mass production. Agility is a comprehensive response to the business challenges of profiting from volatile, uncertain, rapidly changing and ambiguous global markets for high-quality, high-performance, customer-configured goods and services. It is a continual readiness to change, sometimes radically, what companies and people must do and how they will do it. The transition to business agility is justified by the vision of sharing in highly profitable markets for value-added products that meet the requirements of individual customers.
This dynamic business environment requires your organization to adjust, redesign and adapt your processes swiftly, or to be ‘agile’. Business process agility, a combination of speed and flexibility has increasingly become essential for survival for today’s organizations. Whether it is for simple cost reduction or to achieve and/or maintain competitiveness in the marketplace, whether it is to overcome the unanticipated changes in the regulatory environment, or to increase your responsiveness to the external environment, speed and flexibility are critical characteristics your organization should aspire to build.
The Characteristics of Business Agility
According to the Business Agility Institute the characteristics of business agility consist of three dimensions each containing three domains.
This dimension governs how to shape an agile organization and consist of the following concepts:
- People Management – defines the role of managers as leaders who, among many other things, engage, empower, delegate, coach, and inspire
- One Team – defines a culture of collaboration underpinned by communication and transparency across individuals, teams, and divisions.
- Strategic Agility – shapes how an agile organization sets, communicates and operationalizes an adaptive market vision.
This dimension govern how an agile organization delivers value is made up these three domains.
- Growth Mindset – promotes experimentation and learning from failure.
- Craft Excellence – defines the techniques for delivering high-quality work, regardless of function or subject matter, in an agile way.
- Ownership & Accountability – motivates individuals and teams to take responsibility.
These three domains define how an agile organization works.
- Structural Agility – defines the relationships between individuals, teams & divisions to create an agile organization.
- Process Agility – includes an individual value stream – the combination of discrete activities that are undertaken by teams and projects.
- Enterprise Agility– scales ways of working across divisions, departments, the organization and ultimately between organizations
Embarking on an agile transformation is a major undertaking, but the benefits are great. Agile organizations move faster, are more adaptable, and foster ownership mind-sets, resulting in greater productivity and reduced cost.
Our team of seasoned veterans can guide you along your business agility journey bringing expertise from lean enterprise, process improvement, change management, strategy and leadership development, digital transformation, operations, marketing, and organization development. We integrate our deep experience to extract the best from our multi-industry engagements as we help you transform into an agile organization.
Contact us today to put our expertise to work for you.