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The Key to Every Successful Business 1 Dated: Mar 2017

Agility - The Key to Every Successful Business

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Page 1: Agility - The Key to Every Successful Business

The Key to Every SuccessfulBusiness

1Dated: Mar 2017

Page 2: Agility - The Key to Every Successful Business

The capability of a company to rapidly change or adapt in response to changes in the market. A high degree of organizational agility can help a company to react successfully to the emergence of new competitors, the development of new industry-changing technologies, or sudden shifts in overall market conditions.

What is Organizational Agility?

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Page 3: Agility - The Key to Every Successful Business

Imagine Credit - AJ O'Connor Associates

Key Characteristic of Agility

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Why is it Important for Organization to be Agile?

Agility helps performance in activities that require • Quick change in direction while

maintaining balance• Speed• Strength and • Body control

It is an important aspect in many sports. Good agility can translate into better performance and faster response, and can give one an edge over his competitors.

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How to attain Agility in Organizations ?Agility affects every aspect of your business, from strategy to operations, marketing, finance, and the overall organization.

Dedicated leaders with a variety of skills, experience, and perspectives helps to create a successful environment.

Understanding which decisions are the most important and critical factors.

Fast decision-making on important and urgent matters is key to being agile.

Use this wealth of information to your advantage.

Agility is not just what happens inside your organization.

Key Leadership

team

Prioritize Strategic Decisions

Make quick

decisions

Leverage Analytics

and Innovation

Realize you are not in

Silo

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Page 6: Agility - The Key to Every Successful Business

Agility Mistakes in Organization to Avoid

• Moving Too Slow• Tolerating Chronic Chaos• Excusing Excuses• Patience with Personal Productivity• Minimizing Meetings• Going Open Loop• Avoiding Complexity• Being Half-Brained• Trusting Convention• Being Uncomfortable

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Collaboration of all teams to Transform into Agile Organization

• Organizational Structure change

• Interaction between Business and IT

• Key roles and responsibilities defined

• Budgeting and Planning

Source: A Research study by McKinsey in year 2016 clearly states the key roles and responsibilities of organization – refer annexure (page# 11) 7

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Reasons why Organization Fail to be Agile

Lack of Experience with Agile Methods

Company Philosophy or Culture at Odds with Core Agile Values

Lack of Management Support

External Pressure to Follow Traditional Waterfall Processes

Lack of Support for Cultural Transition

A Broader Organizational or Communications Problem

Unwillingness of Team to Follow Agile

Insufficient training8

Page 9: Agility - The Key to Every Successful Business

Examples of Agile Organization's….

Source : CIO from IDG

Some of the best examples of organization who are Agile year on year and been awarded

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Future leadership behaviors on changing strategies

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• The agility quotient

• The authenticity quotient

• The talent quotient• The sustainability quotient

To succeed going forward, business leaders must go beyond

anticipating trends on the horizon to actually model what success

will look like in the workplace of the future. Doing that effectively

requires a new leadership framework based on agility, authenticity,

talent, and sustainability.

These four revolutions are translated into four leadership success

quotients, each of which embodies a set of clearly defined

behaviors:

Page 11: Agility - The Key to Every Successful Business

Annexure – Research by McK in 2016 on Agile organization

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Kavitha Shankaran

Email id – [email protected]

Thank you,

For any questions,

please reach out to