Business agility has become one of the more critical determining factors for creating organizational success.
Change happens quickly and it inevitably forces businesses to adapt quickly. This organized chaos and constant flow of disruption and innovation mean companies require critical qualities to function properly.
These qualities include visibility, which allows the organization to see what’s happening before it happens; insight, which is required to form strategic response plans; and control, which requires listening and coordinating actions to measure results.
Now more than ever, static planning is proving to be incompatible with the rapid business environment. Businesses become more agile when all of these qualities work in harmony together.
Machine learning and artificial intelligence developments are showing great potential in the way organizations are revolutionizing and executing their plans. For organizations to be more agile, it is critical to embrace business agility as a model.
The static model typically used for planning and execution is no longer the best fit for three main reasons:
Number One — Static planning is thought of as a top-down approach where senior-level executives own and make every decision in both planning and execution. By comparison, active planning involves participation from the entire organization.
Number Two — Continuous planning is the type of planning that is key in a volatile market. Active planning requires getting data organized and is a continuous exercise.
Number Three — Comprehensive planning builds visibility into the operational model at each level of the organization. Active planning restores a sense of urgency by driving business insights and creates the confidence needed to make rapid decisions required for true agility.
Let’s face it. The world isn’t going to slow down. Tomorrow’s winners in business will be the most agile and will be the primary deciding factor in the survival of the fittest organizations.
To find out more about achieving business agility in your organization, click the link below for more information.