January 20, 2021
The year 2020 proved that nothing is guaranteed in life, even to the extent that a virus had the potency to disrupt our normal living ways. Most of us were fast to accept the changes and adapted to the new ways smoothly. The same is the story of the commercial business world. Things would always be hunky-dory in the utopian context, and businesses would only be stable and growing. But, this is not a perfect world. Market dynamics keep changing, and there are rapid lows and ups through which business establishments need to sail. Only Agility helps businesses stay afloat and weather the storm.
So, what is Business Agility, after all?
The definition from Scaled Agile Framework is, “the ability to compete and thrive in the digital age by quickly responding to market changes and emerging opportunities with innovative business solutions, is business agility.” It further states that every unit in a business entity involved in delivering a solution – business leaders, IT heads, software development and operations, sales and marketing, finance, customer support, legal and compliances, and security need to use Agile practices. It is important to keep innovating and delivering optimized product quality with enhanced speed to be ahead of the competition.
What it necessarily means is that businesses should always have a survival plan to overcome any volatile changes or disruptions in the market. With business agility, they can optimally do so.
Agile businesses found it easier to work with complex technological projects, especially in a market where the environment is rapidly changing. Later, the framework was extended to all types of enterprises, government institutions, profit, and non-profit organizations.
Pillars of Business Agility
There are three pillars on which agile businesses carry forth their functioning –
Business agility emphasizes delivery agility characterized by fast and responsive delivery, innovating and disrupting organizational adaptability, and display leadership effectiveness through all the complexity.
The crux of Business Agility
So, what is that one thing that lies at the center of an Agile business? It is customer-centric functioning. The Agile framework believes in the age-old practice of ‘customer is the king’. Agile businesses take extra efforts to comprehend customers’ needs, empathize with them, and promptly deliver what they want. Agile businesses are quick to respond to their customers’ needs and requirements!
Importance of Agility in business with statistics to prove
In the Business Agility Report – Responding to Disruption, 3rd Edition, 2020 by Accenture, 433 respondents from 359 organizations across 53 countries and 28 industries were asked about their experiences, progress, and insights about their Agile journeys. It was noted that an increasing number of organizations had undertaken the Agility journey while those organizations that were already on the road reported enhanced progress. Some of the key findings reported were:
Understanding the importance of agility in business, the survey found that most respondents shared that their enterprises were well-equipped to face the aftermath of the Covid-19 because of business agility. The significance of agility was summarized under these heads:
The leading predictors of business agility were found to be:
Finally, the top reasons for organizations to adopt business agility were summarized as:
Benefits of Business Agility
Agile businesses are oiled and geared to have a competitive advantage. Because Agile companies can adjust their working with changing customer needs and demands, they can take advantage of short-term opportunities that keep cropping up, time, and again. It is imperative to remember here that Agile businesses are characterized by speed to market. That is why they can make rapid responses, utilize opportunities, and remain at the top of the market.
One of the biggest benefits of business agility is that Agile frameworks help businesses be completely focused on their customers. Customers today are well-informed, have access to the latest tools and technologies, and therefore demand their needs and requirements. Therefore, businesses need to ensure that they can swiftly respond to the evolving needs and demands of customers. Compared to traditionally bureaucratic organizations, Agile enterprises are well-equipped to respond to the preferences of their customers.
3.Teamwork and collaboration at peak
Agile organizations encourage cross-functional teams to work collaboratively. Traditional organizations have varied teams and departments working in silos; as stand-alone units. Therefore, a lot of time is used up in understanding team dynamics and getting the boat sailing. On the contrary, Agile businesses work on cooperative collaboration principles with teams consisting of cross-functional teams. Thus, there is an environment that is filled with creativity and innovative thought processes.
4.Enhanced business value
One of the core deliverables of Agile businesses is that the business stakeholders deliver optimized business value. The involvement of stakeholders helps Agile teams understand business goals and missions clearly and prioritize critically important issues. Agile teams are equipped to prepare features that bring in most business values to their business model.
5.Enhanced quality of products and services
Agile frameworks help deliver enhanced product quality. In Agile frameworks, the entire project is broken down into small Sprints or manageable units. Each of these Sprints has specific Sprint goals that are prepared based on changing customer needs. Also, Sprints are small-sized and shorter in duration. The entire product lifecycle from designing to development to testing and launching happens within these small units. All of this helps deliver products that are high in quality.
6.Brings in transparency
Business Agility means that all the relevant stakeholders are involved in the project. There are end customers, leadership teams, different functional teams, and departments – all of this helps create a transparent working system. From prioritizing features to planning iterations and reviewing features, a unique openness peps up confidence levels in the team and everyone concerned with the project.
7.Predictable delivery schedule and costs
With every spring being small and of designated duration in an Agile environment – Sprints usually last for four weeks or could be shorter – deliveries are faster, prompt, and most of all predictable. Thus, there is zero ambiguity, which is good for everyone around. Not only that, even the costs associated with product development and launch can be predicted with accuracy. It is also because the work is all time-boxed. Most of the work in Agile environments starts with estimates before a sprint. Since the Sprints are time-bound and small-sized, estimating approximate costs becomes an additional benefit of business agility.
8.Boosts employee morale
With a dynamic working environment with faster deliveries, reduced costs, and improved productivity, employers can enhance their morale levels. There is higher participation from employees across multi-departments and multi-teams. Business Agility directly implies taking inputs from employees, regular giving and taking feedback, a continuous process of improvement flow sets in. All of this directly impacts the performance of employees and the organization as a whole.
Oh! We recently winded up one batch, but no worries. We have a few more in the coming weeks.
Just opt-in for the updates about dates, prices, and curriculum with your preferences!
We keep you posted about the course.
Certified Scrum Master(CSM®),Advanced Certified Scrum Master(A-CSM®), Certified Scrum Professional ScrumMaster(CSP-SM®), Certified Scrum Product Owner (CSPO®), Advanced Certified Scrum Product Owner (A-CSPO®), Certified Scrum Professional Product Owner(CSP-PO®), Certified Scrum Developer (CSD®), Certified Scrum Professional(CSP®), Certified Agile Leadership(CAL-I®,CAL-II®), Scrum Education Units(SEU®),Certified Scrum Trainer (CST®),Certified Enterprise Coach(CEC®), and Certified Team Coach(CTC®), are registered trademarks of Scrum Alliance®. SimpliAxis INC is a Registered Education Provider (REP) of Scrum Alliance®.
Profession Scrum Master (PSM-I®, PSM-II®, PSM-III®), Profession Scrum Product Owner (PSPO-I®, PSPO-II®, PSPO-III®), Profession Scrum Developer (PSD-I®), Scaled Professional Scrum(SPS®),Professional Scrum With Kanban(PSK-I®) , Prove your knowledge of Professional Agile Leadership(PAL-I®), Prove your knowledge of Evidence-Based Management™ (PAL-EBM®), Prove Your Scrum with User Experience Knowledge (PSU-I®) and Professional Scrum Trainer(PST®) are registered trademarks of Scrum.org®. SimpliAxis INC is a Professional Training Network member of Scrum.org®.
Certified Business Analysis Professional (CBAP®), Certification of Capability in Business Analysis(CCBA®), Entry Certificate in Business Analysis(ECBA®), Agile Analysis Certification(AAC®), Certification in Business Data Analytics(CBDA®), Certificate in Cybersecurity Analysis(CCA®), Certificate in Product Ownership Analysis(CPOA®) are registered trademarks of International Institute of Business Analysis(IIBA®). SimpliAxis INC is an Premier Level Endorsed Education Provider of IIBA®.
SAFe Agilist Certification (SA®), SAFe Program Consultant Certification (SPC®),SAFe Program Consultant Trainer Certification (SPCT®),SAFe Practitioner Certification(SP®),SAFe Release Train Engineer Certification (RTE®),SAFe Scrum Master Certification (SSM®),SAFe Advanced Scrum Master Certification (SASM®),SAFe DevOps Practitioner Certification(SDP®),Agile Product Manager Certification (APM®),Lean Portfolio Manager Certification (LPM®),Product Owner / Product Manager Certification (POPM®),SAFe Architect Certification (ARCH®),Agile Software Engineer Certification (ASE®) and SAFe Government Practitioner Certification (SGP®), Scaled Agile Framework® and SAFe® are registered trademarks of Scaled Agile, Inc.®. SimpliAxis INC is a Silver Partner of Scaled Agile, Inc®.
DevOps Foundation®, DevOps Leader®, SRE Foundation℠, SRE Practitioner℠, DevSecOps Foundation℠, Continuous Testing Foundation℠, Certified Agile Service Manager®, Continuous Delivery Ecosystem Foundation℠ and Value Stream Management Foundation® are registered trademarks of DevOps Institute. SimpliAxis INC is a Registered Education Partner (REP) of the DevOps Institute (DOI) ®. Read more...