In this article, I am going to be discussing strategic agility. The definition for strategic agility is basically the ability for any kind of organisation to see any shifts inside the business and also externally when it comes to a business environment in which they properly operate. Strategic agility is all about staying competitive by properly recognising and also capitalising on all of the opportunities and also identifying potential threats that would harm the organisation. You have to mitigate and even prevent them from materialising in the first place. The development of strategic agility is something that will definitely give the leaders the kind of competency to recognise any kind of market changes and could also be bad or sometimes good for the business.
It is definitely a good idea to implement new ideas. Being strategically agile actually means that you will be the first mover and sometimes a very fast follower, especially when it comes to creating new kinds of products, services and offerings. This kind of change can actually be a little problematic and forward because it could either attract new customers or drive existing customers away. Any business cannot afford to lose current customers, because current customers actually keep the business alive.
This would enable a lot of companies to sustain growth and also profit from the performance of the business, if strategic agility takes a positive tone. As a leader is usually have to anticipate and also deal with all kinds of volatility, complexity, ambiguity, uncertainty and more. They are also going to be courageous and very willing to take calculated risks. This will make bets when it comes to procuring opportunities and also actively shaping the future. It is definitely important to make as a leader, in charge of certain businesses.
This is something that will certainly proactively develop business and also create all kinds of opportunities. Every single organisation goes through these particular cycles where they are very agile, smart and quick about a lot of decisions. They usually leverage the vulnerabilities and their strengths.
If you want to improve your strategic agility, you need to embrace and also work so that you can incorporate behaviours relating to 4 components of agility that actually matter in a business. The four components are sensing, anticipating, adapting and also responding.
You need to be able to navigate through the changes. Change can actually cause a lot of disruption and a lot of difficulties when it comes to unexpected challenges. The people who are leaders can actually successfully assimilate and also navigate the changes, and they will be able to capitalise on the benefits and opportunities that would arise when it comes to changes.