Organizational agility is the ability of a company to react swiftly and effectively to changes in the market. With the level of change and ambiguity in businesses today, the need for organizational agility is a requirement for anyone wanting to succeed. Unfortunately, most companies in the US aren’t reacting very quickly or well to change. According to a Gallup poll, most business leaders said that they need to be agile to succeed, but 59% of employees reported that they experience no agility at work. That’s a pretty big miscommunication from the top to the bottom.
The Different Types of Operational Agility
Operational agility takes many forms and has varied uses.
- Strategic Agility: The ability to innovate on a dime in quickly changing situations and come out ahead of its competitors.
- Portfolio Agility: The ability to quickly move company resources to a more successful venture in times of market chaos.
- Operational Agility: The ability to change operational procedures and gain an advantage over the competition.
Strategic Agility in Practice
The world is becoming exponentially more complex by the minute and the world can turn upside down in an instant. Think of the many ways every aspect of our lives changed in 2020. The companies that thrived during that time were the ones who took the strategic initiative and forecasted what they were going to do differently, threw it at the wall, and if it didn’t stick, they tried Plan B.
The key to strategic agility is adaptability. If different departments are working with the same flow of information and resources, then when one “organ” gives out, the others can take over their role until a new solution is formed. It ensures that a company won’t fail just because one link in the chain was weak.
Operational Agility in Practice
A successful company starts with a successful leader. By establishing the style with their decisions and policies, leadership paves the way for innovation and flexibility. As a result, guaranteeing that the leaders are aligned with operational agility is critical to achieving operational agility. Future-ready leaders must examine their company’s numerous functions carefully and explore areas for change and adaptability.
Adaptability Means Revenue
Companies that foresee change and prepare for it are just more likely to make more profits than ones that sit on their hands and change only when they’re forced to. No one’s searching for anything on Ask Jeeves anymore or checking their MySpace page. The innovators and the people who are tasked with adaptive goals and achieve them are the ones that stay ahead of the curve. Hence, they get to the new markets first and thus have the first pick of the litter when they get there.
After the leadership is aware of the real challenges they’re up against and the ways to overcome them, then it’s time for the team members to do the same. The more organizational adaptability you can generate, the lower your turnover rate will be, and the higher your long-term profits, employee engagement, and satisfaction will be.
The PERFEQTA Difference
If yesterday’s tried-and-true tools are no longer as effective in helping your company stay at the forefront of your market space or are not conducive to the company’s growth, it is time for a digital transformation. PERFEQTA is flexible around your needs, and provides for fast development of solutions, fast implementation, and fast and flexible deployment while maintaining compliance with the strictest regulatory requirements. Schedule a demo with us today to learn how PERFEQTA can help your organization achieve the agility you need to thrive in today’s ever-changing world.