What is Business Agility? This methodology aims to make a company more agile, acting with better performance, organization, and flexibility. However, despite the qualities that this process brings to companies, there are many that have not yet implemented this methodology. In order to encourage more people to learn about the advantages of this practice, we brought you everything you need to know about Business Agility.
Business Agility emerged from the needs of technology companies that deal with unexpected events and changes in projects all the time. Based on these needs, this methodology was created to make the processes of any company more agile, allowing them to have more flexibility in service, cost reduction, more assertive decisions, and less team downtime.
Thus was formed the concept of Business Agility, which represents the company's ability to adapt quickly to changes in the market and the business environment, as well as to be able to innovate and make strategic decisions with agility.
In this way the concept of Business Agility was formed, which represents the company's ability to adapt quickly to changes in the market and the business environment as well as being able to innovate and make strategic decisions with agility.
In addition, agile companies are able to innovate and launch new products and services proactively, which can give them an important competitive advantage.
A company's ability to be agile and flexible can also have a positive impact on employees' satisfaction. By being capable of adapting quickly to change and innovating, employees can feel that they are part of a dynamic and exciting organization leading to increased motivation and engagement.
Gustavo Barros, our Project Manager, summarizes the context of this methodology as follows:
Business Agility was born from the need to deliver more value in shorter time and cost, due to several factors, such as globalization and opening of increasingly fierce competition. When we think of continuous improvement, we go back to the early days of the industrial revolution with Ford and the Toyota model, but they were no longer serving the market, which required flexibility to embrace new things in a short time. That's why agility brought this structuring of clear and simple processes and guidelines, which allows people to have autonomy in an orderly way, where all efforts are aimed at the same collective goal.
In practice, there are three fundamental pillars for this methodology:
>> 1 - Incorporation of decision processes that evaluate opportunities and initiatives related to the business model on an ongoing basis;
>> 2 - Quick adaptation of the portfolio of initiatives, i.e., what needs to be done to meet the company's objectives;
>> 3 - Observation of the market.
By understanding this and being able to apply these pillars in your company's routine, we can move on to the implementation, which also depends on three points: appropriate technologies, strengthening of the culture of efficiency in the company, and permanent meeting of customer needs.
How well is the technology you have being matched to the needs of your customers and employees? There is no point in having several technological solutions if your people don't know how to use them, and vice versa.
Regardless of how technological your processes are, there will always be some point where people will be behind the decisions and service. For this reason, it is essential that your entire team is aligned with the same agile methodology, aiming for the benefits that this practice brings.
It is essential to bring your customers' needs to the center of your decisions by listening to what they have to say and making possible improvements before they are requested by them.
1
Start by educating yourself and your team: make sure you and your team have a clear understanding of what Business Agility is and how it can benefit your company. There are many available online resources such as books, articles, and videos, which can help you learn more about it.
2
Identify the key challenges in your company: Analyze the areas where you have been struggling the most and identify the key challenges that need to be addressed. For example: it could be the lack of agility in decision making or the inability to respond quickly to market changes.
3
Make a gradual change: Instead of trying to change everything at once, start with small changes that can have a big impact. For instance, try agile project management methods or adopt a continuous feedback process to improve team collaboration.
4
Establish a culture of continuous improvement: Encourage your team to experiment and try new things, and recognize positive efforts and results. Set up a continuous improvement process to evaluate and adjust your practices, ensuring that your company is always evolving.
5
Get the whole company involved: make sure that the practice of Business Agility will not be limited to a single department or team. Engaging the entire company and creating a culture of collaboration and innovation is critical to long-term success.
Remember that the practice of Business Agility is an ongoing journey and that complete transformation takes time. Be committed to results and seek regular feedback to assess your progress. Eventually, you will see the benefits of being an agile and adaptable company.
Now that you have learned the theory, you need to put hands on and adapt according to your company's reality. The moment you start experiencing the benefits, there's no way back. Here at levva, we work with Business Agility and it brought us several benefits
Gustavo Barros, Project Manager, on Business Agility at levva:
In my opinion, levva is very connected to the mindset of working with business agility, because the first thing that is necessary for this agility to happen is the knowledge that we work with people and for people. During the pandemic it was clear how quickly companies had to adapt to cope with an uncertain and totally volatile world. In my opinion, the pillars for business agility that I seek to work with and that are in our culture are humanizing work and facilitating leadership.
Business Agility is a methodology that can be applied to any type of company regardless of industry, size or business model. After all, every company faces the need to adapt and respond quickly to market changes and customer demands.
Companies operating in highly competitive and constantly changing industries, such as technology, finance, and retail, can especially benefit from Business Agility. However, companies in any industry can reap the benefits of being more agile, flexible, and adaptable.
It should be pointed out that while Business Agility can be applied to companies of any size, it is easier to implement in smaller companies, such as startups, which are generally more agile and flexible.
Larger companies may face additional challenges in becoming more agile, such as the need of aligning different business units and engaging a large number of employees in a change process.
Regardless of the company's size, a committed leadership, a culture of collaboration and innovation, and a willingness to experiment and continuously adapt to market changes are the key to success.
Agile companies are able to respond more quickly to the real needs of their clients, becoming references in efficiency and building loyalty among their public. Companies that adopt this methodology are able to understand before others what is important to their clients, and, as a result, have a competitive advantage.
Methodologies such as Business Agility are a great bet for the coming years because they can increase team productivity and effectiveness as well as providing a complete and differentiated service to customers.
Summing up, Business Agility is essential for the success of today's companies. Organizations that are able to adapt quickly to changes in the market and business environment have a significant competitive advantage over companies that are less agile.
So, are you ready to start paying more attention to Business Agility and make your company evolve? Count on us to help you on your journey!
If you liked this text, you will surely enjoy our article on the trends of Digital Acceleration.
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