Can you think of an instance when “sluggish” is a good thing? I cannot. Agility, on the other hand, conjures up images of growth, speed, power, ease… all things you want when aiming for business success. Considering how fast business moves these days and the fact that it’s only going to become faster, why wouldn’t you strive to be agile?
Perhaps business agility doesn’t often come across your meeting agendas, but it should. In fact, it should be high priority because of a simple fact: study after study have found that high organizational agility scores, regardless of how they are measured, correlate with superior business performance. They also correlate with a higher success rate of strategic change initiatives and better execution.
Companies with high scores in certain agility capabilities are six times as likely to be outperformers in their industry." - Booz & Company
Think of an agile company like an Olympic gymnast on a high bar. In order to win, he must maintain a high level of performance throughout his routine and finish strong. To do so, he must constantly change direction and be able to fix the slighest imperfection incredibly fast lest he fall to the floor. Without agility, a routine is over before it begins.
Companies will not necessarily differentiate themselves by their ability to see how markets are moving; they will set themselves apart by carrying out the necessary strategic response as quickly as possible.“ - Economist Intelligence Unit
The same is true in business, where agility may not win you a gold medal, but it sure can increase your organization's ability to quickly respond to changes, to complete projects faster, to produce more profitable results.
Like any athlete, however, you need to condition your team to be agile. We explore how and list the practical steps that any organization can take to develop business agility in our new eBook “Strategic Initiatives: The Agility Blueprint”.
Check it out and let us know what you think.