AN OVERVIEW OF BUSINESS AGILITY
- 1. WHAT IS AN AGILE BUSINESS? AN AGILE BUSINESS IS A CUSTOMER CENTRIC ORGANISATION An agile business embraces the agile philosophy & values at its core, from its people & culture, to its structure and technology USE AGILE METHODS Agile business address the issues of complexity, & uncertainty by planning & executing in parallel AGILE IN DNA Business vision, & values has agile in DNA EMBRACES AGILE CONCEPTS Agile businesses have self-organizing teams & the coevolution between them which bring together all parts of the business ROLES Agile businesses have roles instead of job descriptions DYNAMIC DECISION MAKING Agile businesses have fluid roles to make active decisions TEMPORARY COMPETITIVE ADVANTAGE An Agile business chases a series of temporary competitive advantages instead of following a sustained competitive advantage PEOPLE DRIVEN TO LEARN NEW EXPERTISE Agile staff focus to be expert in one area but are driven to develop expertise next "new" areas ABLE TO ADAPT QUICKLY Agile businesses have ability to adapt quickly when the environment in which their industry operates changes FLEXIBLE ORGANISATION STRUCTURE & BUSINESS PROCESSES Agile businesses have a flexible organisation structure and business processes to adapt to customer or supplier base changes AGILE BUSINESSES HAVE SHARED STRUCTURES Agile businesses gain structure by a having a shared vision, resource management systems, reward systems, and shared operating platforms FLUID MOVEMENT OF RESOURCES Agile businesses achieve fluid movement of resources via a process of having enterprise values, personal accountability, & motivational and staff reward systems HOLACRACY (A METHOD OF DECENTRALISED MANAGEMENT & GOVERNANCE) Agile businesses tend to use holacracy which authority and decision-making is distributed throughout the company as a holarchy of self-organizing teams rather than being vested in a management hierarchy AGILE BUSINESSES UTILISE AGILE SOFTWARE DEVELOPMENT The use agile software development where requirements & solutions evolve through the collaborative effort of self-organizing and cross-functional teams & stakeholders ENTERPRISE ARCHITECTURE (EA) Agile business EA supports business agility through a wealth of techniques, and the separation of dynamic and stable components MAKES CHANGE ROUTINE The agile enterprise strives to make change a routine part of organizational life AGILE BUSINESS BENEFITS AGILE REDUCES TRAUMA An agile business reduces trauma that paralyzes many businesses trying to adapt PRODUCTS IN CONSTANT STATE OF CHANGE Products are constantly changing, as once launched, they run into competitors' products, regulators, suppliers, & customer responses forcing adaptation SELF ORGANISING TEAMS Self-organizing teams, found within agile enterprises, are the spontaneous, not planned or directed, feedback-driven exchanges that occur between them COEVOLUTION Coevolution is a key process where the influence of closely associated enterprise teams on each other from experience and adaption FOCUS ON REAL BUSINESS VALUE Agile methodologies focus on driving real business value, not just building features ABILITY TO ADAPT TO CHANGES QUICKLY An agile business can react successfully to the emergence of new competitors, new technology & shifts in overall market conditions GOVERNANCE BASED ON VALUE AND ADAPTION Governance within an agile business is based upon long-term business value and adaptation CATALYST LEADERSHIP STYLE Uses style to inspire others with out losing cohesion of enterprise DRIVERS FOR BUSINESS AGILITY CHANGING REQUIREMENTS Changing requirements taking too long to implement into the organisation & processes NEED FOR LOWER PRICES A growing need for lower priced products and services with emerging price wars and lower margins from changing markets & increasing global competition SHORTENING OF COMPETITOR'S TIME TO MARKET The need to shorten delivery times of new services & shortening of competitor’s time to market for new and innovative services CUSTOMISED SERVICES & PRODUCTS Customers are demanding more tailored and customised services and products FINANCIAL TRANSPARENCY A growing demand for financial transparency and accountability DECREASING LOYALTY Decreasing loyalty of customers MOVE TO TOWARDS DIGITALISATION Demand for more online and self service facilities for customer buying & requests COMPLEXITY OF BUSINESS PROCESSES Owing to increasing interdependencies with other business units and other services ACCELERATING CHANGE OF TECHNOLOGY INCREASING PARTNERSHIPS NEED LEAN PROCESSES QUICKER RESPONSE TIMES DESIRE TO MAXIMISE USE OF RESOURCES ONE-PAGE MAGIC: Created by Ken MartinONE-PAGE MAGIC | No. 85 by Ken Martin Ken Martin 3 MAGIC CONSULTING Founder, Partner TRANSFORMATION PMO CONSULTANT London, United Kingdom AN OVERVIEW OF BUSINESS AGILITY Business Agility is ability of a business to rapidly respond to change thrive in the digital age. Companies can offer a great customer experience by organizing quickly and learning rapidly. Business agility gives organisations the tools to pivot and remain necessary to customers and changing market needs. Click Here Contact 3 Magic Consulting: Email: [email protected] Tel: +44 121 318 5473