A company should be able to outperform the competition. It should also have the ability to drive growth in new, uncertain situations. This capability is what you call enterprise agility. A company learns and adapts when confronted with dilemmas, crises, and complex problems. There are three drivers of change every company should consider if they want to become agile.
The operating environment that can reshape the environment of their business;
The soft levers the company can pull in response or strategic responsiveness; and
The organizational flexibility affecting their capacity for a quick response.
Features of a company with enterprise agility
A company should strive to have long-term and not only short-term enterprise agility. It should have the following:
Adaptability. It refers to the eager response of a company to a quick change. It should be able to assemble its technology, management, and resources fast. Continuous change is becoming common in contemporary companies. This reason is why there is an increase in interest in organizational agility. Companies want to be able to adapt and respond to these changes.
Flexibility. Flexibility is crucial in any company. Agility eases that. A flexible company can put its core business goal in place in a loose hierarchy. Adapting to the rapid changes in the market and global environment should not be a problem. The company should be able to reshape its cultural and business practices with the help of team members.
Balance. The aspect of control and autonomy through organizational infrastructure plays a vital role in a company. Agility enables a company to balance both. To do that, it should have dynamic capabilities. Combined competencies and resource development are essential. Creating a source of competitive advantage should also be a consideration. It can give a company the ability for a quick response to rapid changes in market conditions.
Achieving enterprise agility
There are three ways for a company to become agile.
Self-organization. Create more flexible job roles. Let employees organize around certain problems and initiatives. Allow them to use skills not only related to their job functions but also those others they have. Keep teams small and ensure you have people with the needed skills.
Collaboration. Look for any communication barriers and remove them. There should be nothing to prevent real-time collaboration. There should be channels for quick and easy sharing of information and expertise.
Autonomy. Project teams should have more autonomy. Giving teams decision-making authority will make things faster and easier. Teams can achieve their best efficiency and productivity if you give them a chance.
There are many benefits of enterprise agility. One of the most important is that it increases business value creation. It also creates a positive shared culture. Enterprise agility also helps build transparency and trust with employees and customers.