For a business to thrive and accommodate ever-changing requirements Agile is the solution. It is more effective than the traditional business model and agile teams are the only solution to the problem of unpredictability.
Business agility refers to the "ability of a business system to rapidly respond to change by adapting its initial stable configuration". It can be sustained by maintaining and adapting goods and services in meeting customer demands, adjusting to the changes in a business environment, and taking advantage of available human resources. Business agility is a distinct quality that allows organisations to respond rapidly to changes in the internal and external environment without losing momentum or vision. Adaptability, flexibility and balance are three qualities essential to long-term business agility.
Business agility is the ability of an organisation to:
You can read the following articles to get a clearer understanding of the Business Agility.
Why agile business pays:
Read the following article of Q&A session by Eckhart Böhme on Lean Startups:
Read the article to know about Principles for Modern Businesses:
We, at OpenGrowth, are constantly looking for innovative and trending start-ups in the ecosystem. If you want to have more information about entrepreneurship or start-up basics, then do let us know in the comment section below.
Contributor: Akriti Verma
She is a creative, ardent and vivacious individual. She is passionate about bringing change through technological innovation by challenging the status quo. Through OpenGrowth University she envisions to empower and enable individuals with innovative ideas to pursue and excel in their entrepreneurial journey. She loves to paint and write poems.
*Note: The content published above was made in collaboration with our members.
The Editorial Team at OpenGrowth is working to provide you with the perfect place to know everything about startups. Feel free to connect to us.