What is Business Agility?
Business Agility = Speed to Adapt
Business agility is the ability of an organization to rapidly adapt to environmental changes in productive and cost-effective ways. Agility improves resilience, enabling an organization to successfully continue operations when similar entities falter. Agility positions an enterprise to quickly sense and act on opportunities, capitalizing on new market dynamics.
Improving agility requires addressing six critical components. Each can either act as an accelerant or a drag on your organization’s speed in sensing, formulating a response and acting on needs for change. Together they provide a set of capabilities that enable rapid adaption to changing conditions.
Many measures of Business Agility relate to Organizational Clock Speed, the pace at which the organization operates. To get a sense how agile your organization is consider these examples.
Examples of Metrics:
|Leadership System||Time to decide|
|Operating Model||Time to market, time to contract|
|Design and Development||Time to fail, learn and iterate|
|Ways of Working||Time to shift priorities, assignments|
|Infrastructure||Time to reconfigure systems|
|Culture||Time to overcome barriers|
|Measurement Systems||Currency of reporting|
Want to learn how your organization can become more agile? We can help.