Why Agility Matters
Incorporating Agile Principles for Business Success
The secret to success in the modern marketplace is agility. Even traditionally structured businesses can benefit from adopting a more agile approach that allows them to better respond to changing customer preferences.
According to an article in Leading Edge Magazine, the strength of an agile organization is founded on empowering small teams to move faster and more independently:
Agility allows businesses to become more efficient and adapt to changing customer preferences. Because it works across departments, it can also improve collaboration and understanding. Agile teams are free to become creative and executives have time to focus on strategy instead of micromanaging.
Mature organizations shouldn’t shy away from agility. Rather, they can rely on established processes to provide a stable foundation while agile teams build new ways to thrive in a fast-changing world.
Advantages of Agile
Using Big Data analysis to guide decision-making can help companies guide their transformations into agile organizations, leaving their competitors far behind. They can react to customer needs and wants more quickly, speeding up the traditional product development pipeline.
According to a report by McKinsey, agile organizations work well under pressure and often show more organizational health, an indicator of long-term performance, than other businesses:
Agile organizations … can rapidly sense and seize opportunities… These companies can also allocate resources flexibly and swiftly to where they are needed most… They regularly evaluate the progress of initiatives and decide whether to ramp them up or shut them down, using standardized, fast resource-allocation processes to shift people, technology, and capital rapidly between initiatives, out of slowing businesses, and into areas of growth.
How Does LMS Help Businesses Become More Agile?
LMS can help businesses make the transition to more agile modes of operation. By using data-driven insights, LMS can help businesses move faster and make better decisions, combining groundbreaking project management strategies with cutting-edge tech solutions. Contact us at 800.257.5902 or email us today at [email protected].