How a Lack of Agility Can Derail Business Success

By Dennis McCafferty
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    How a Lack of Agility Can Derail Business Success

    How a Lack of Agility Can Derail Business Success

    Most executives recognize the value of business agility, but only a small percentage of them said their company is adopting agile approaches enterprise-wide.

Is the adoption of agile practices strictly "an IT thing" for companies? A recent survey from CA Technologies reveals that this is indeed the case in many enterprises. The resulting report, "The State of Business Agility 2017," indicates that the majority of top executives understand how the extension of agile approaches beyond IT to multiple departments—including finance, marketing, R&D and HR—can benefit their company. However, only a minority of organizations are doing this, as most still deal with siloed practices that are conducted inconsistently enterprise-wide. With greater agility, these executives feel that their company could respond to new opportunities faster and retain more customers, while reducing project derailments and fire drills. "A truly agile business needs every department—from research and development to sales and marketing, from operations and manufacturing to corporate communications and PR, from legal to accounting and even HR—to adopt an agile mindset and principles," the report states. "Building agility into an organization means sensing, creating and adapting to change, quickly and confidently. Organizations need to be able to speed up performance to remain competitive. They need to know what their highest value initiatives are and [be] able to move them from ideas to outcomes. They need a disciplined approach to managing change and building responsiveness." More than 150 C-level and senior executives took part in the research.

This article was originally published on 2017-08-21
Dennis McCafferty is a freelance writer for Baseline Magazine.
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