Competitive Agility. Importance, Benefits and How To's
In our survey report ' Competitive Agility - Anytime, Anywhere, on Anything', many contributors see change agility as more important than all other factors.
Why is agility so important?
- Adaptability to change, anytime, anywhere, on anything can be seen as stable and helps build integrity and trust with customers. - Being nimble and adaptable to market requirements creates opportunities for early market entry. Delivering such agility and flexibility internally drives innovation externally.
- Agility is change embracing and develops pre-emptive ability. Agile companies are more likely to initiate change and gain competitive advantage over larger, slower moving corporations.
- Agility allows a company to do business and not spend time reacting to problems and issues. Embracing agility as how we do it around here, rather than striving to maintain the status quo means you are more likely to deliver customer value.
It follows, for many contributors, that agility leads to deeper relationships internally and with customers. This is a key driver for sustained growth.
 Other valuable outcomes are that agility tends to:
- Be unique and hard to duplicate (Editor: compare VRIN)
- Can correct bad practices more quickly.
- Have a better chance of being more profitable than their less responsive competitors
- Be dynamic and can successfully make adjustments to maintain profitability
- More responsive to customers, markets and new opportunities
- As one person said: "For one thing, your competitor has to reckon with a 'moving target' which is always more difficult to compete with!"
- Keeping an eye on what is happening in the market and be ready to change. Change preparedness to turn on a dime is that ability to adapt to and implement change easily.
It follows that agile companies have change processes and change management policies that can be activated with ease.
Becoming agile
Many contributors commented on how to become more agile:
1.Take small steps toward great results
2. Develop the ability to change as a core competency
3. Adapt core competencies to what environmental forces dictate
4. Don’t have frozen protocols...
Please share any additional thoughts about how we can build competitive agility... Thanks...
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Mahmoud, Saudi Arabia
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Competitive Agility. Importance, Benefits and How To's
I agree with the valuable issues and thoughts presented here. Competitive agility primarily needs a ... Sign up
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geevis, India
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Competitive Agility of Companies
Agile companies have an active management, which watches market trends, opportunities and quickly de... Sign up
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sweety, United States
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Agility and Required Environment
@Nick Anderson : if the leader's perspective and the board of directors' and middle management's per... Sign up
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Vaibhav Behere, India
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Agility is a State of Mind
Agile is the buzzword in every industry now-a-days. I have started to feel that agility is a state o... Sign up
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Vaibhav Behere, India
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Agile Team Member Categorization
@M. Srivastava: as you have mentioned, human behaviour varies a lot, from one change to another, fro... Sign up
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Mahmoud, Saudi Arabia
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To Achieve Strategic Agility, Competitve Agility Become a Permanent Observer
@Victor Manuel Meneses Torres : I fully agree with your recommendation that to become agile, you mu... Sign up
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Mahmoud, Saudi Arabia
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Competitive Smartness
@Emmanuel Duru : I admire your comment on competitive agility..., that actually smartness should be ... Sign up
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