In this constantly evolving business environment, agility is more important than ever for companies. They need to be flexible and responsive to new changes without disrupting their internal and external operations.
July is recognized as Global Enterprise Agility Month – an initiative aimed at making enterprises more agile. Here’s all you need to know.
What Is Global Enterprise Agility Month?
Global Enterprise Agility Month is a global initiative that focuses on increasing awareness around the actions every enterprise must take to achieve consistent business growth and provide the best quality employee and customer experience.
The business landscape is changing at a fast pace, and organizations need to adapt accordingly. Global Enterprise Agility Month brings focus to actions and conversations business owners and organizations can take to survive and thrive in a changing environment.
What Is Enterprise Agility and Why Is it Important?
Enterprise agility refers to a company’s ability to adapt its operations as per the changing business environment. These changes can be facilitated by feedback from customers and stakeholders or changes in market trends.
Now, why is enterprise agility important? Well, change is the only constant in life, and it applies to the business world as well. With technological innovations on the rise, market demands are continuously changing. If an organization lacks the ability to adapt to these changes, it could struggle to survive and thrive in the long term.
All successful businesses share one thing in common – flexibility. The more flexible and adaptive you are, the easier it will be for you to make sudden changes if the requirements arise.
However, the benefits of enterprise agility go beyond market changes. Enterprises often struggle to efficiently manage internal changes, such as resignations, new hires, etc.
By adopting enterprise agility, companies can respond to these changes more effectively. This, in turn, will result in a better employee experience and superior customer service.
How to Increase Your Enterprise Agility?
Now that we have established the importance of enterprise agility, let’s discuss how you can make your company more agile.
Achieve Better Balance
It’s essential to balance innovation with sustained growth. Most companies exhaust their resources in day-to-day activities that they have less time and resources available for innovation and improvement. Be sure to find a balance between the two extremes to make your organization more agile.
Create Scope for Growth and Improvement
Enterprise agility is all about learning and evolving. Companies need to cut themselves some slack for improvement and growth. Allow everyone in the organization some time to be creative, think outside the box, and brainstorm ideas.
Think Big and Act Small
This essentially means planning for the long term and taking smaller steps to achieve bigger goals. Run sprints instead of marathons, and strive for improvement at every step. Agility is all about implementing changes and improvements while moving forward.
If you are a business owner, agility should be your priority regardless of the size and type of your business. Achieving agility and staying flexible to changes in the business environment is the key to thriving in this competitive market.