Leading during turbulent times
Organizations today are faced with unprecedented challenges as they navigate the short and long term impacts of the COVID-19 pandemic and the ongoing challenge of digital disruption in their markets. But agile organizations taking action now will emerge on the other side even stronger.
Their leaders are embracing uncertainty as an opportunity to stretch and transform, capitalizing on their business agility.
In this webinar, we will provide you with:
- Insight into what makes a business agile
- Examples of how business agility has enabled companies to thrive in turbulent times
- Specific steps you can take to enhance your organization’s agility
- How your organization can rapidly respond to changing environments, improve resiliency and create competitive advantage
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