Every Business wants stability. As stability and consistency in the market provides profit. But it’s rarely possible that the market has consistency, it continuously changes as a market are a volatiles. Businesses are majorly dependent on the marketplace so it is challenging to stay on a straight path on a moving landscape. The businesses successfully overcoming these challenges have a common thing, that is the ability to deft- business agility. These businesses are the ones that know when to bend, pivot, and change according to the flow in the market. Business agility is the way for businesses to remain agile during market fluctuation.
Business agility is agility in the culture, leadership, strategy, and governance of an organization that enhances value to the stakeholders who drive in a complex and uncertain environment. Eliminating resistance to change and being ready to respond to business agility is achieved with the fundamentals mentioned below.
Lean management is quick management. In lean the unnecessary and longer processes are eliminated. To ensure quick execution it is necessary to reduce the obstacle and time involved in the processes making shorter and simpler commands. Lean Management is
• Reducing waste
• Doing more with less
• Short work processes
• Eliminate value reducing steps
• Achieve with small steps
Balancing of Dynamism and Standardization of Business Process
It is necessary to balance the standardization and dynamism of the process at the same time. To achieve this balance organization needs to define the process in a way that provides some flexibility to the processes. This flexibility is further achieved by simpler processes. Ways to achieve flexibility can be dependent on the organizations based on their objectives, nature of business, and challenges they face.
Interdisciplinary teams are a group of individuals with different skillset bound together for common goals. Highly agile organizations have multiple interdisciplinary teams that help the organization to place more value.
Integrating Agile Thinking Organization
Mind-set is the main stepping stone in adopting agile and achieving business agility. Having agile thinking by only top management in the organization is not enough to reach the goals. So top management should introduce and promote the processes to culture agility from top to bottom of the organization making employees more attentive and involved in organizational goals.
Agile companies believe in horizontal organizations rather than vertical ones as it ensures various benefits such as fast decision making, quick execution, increased efficiency, reduced conflict, involvement of employees, and increased capability at every level.
Ability in Adapting Gap
To adapt agility it is required to find the gap in root level and level it up with the agile mindset.
To get adapted to change one must first know when the change is happening. To know and drive this change successfully, business agility ability is the tool. With every passing day business world will get more volatile and to thrive in such conditions business agility is the way to get over such ambiguity. It helps in pivoting and achieving the changing requirements of customers and market needs providing increased revenue and rise in an engaged audience.