What Role Does Enterprise Agility Play in Business Change?

If there’s anything constant in today’s global marketplace and dynamic industries, it is change.

Technological advancements and market trends are constantly changing. This makes it challenging for organizations to stay up-to-date with their digital strategy and drive better business results. Adding environmental & legal changes, new customer behaviors and ever-changing perceptions of business branding to this equation is a recipe for disaster in the absence of a business transformational playbook.

This blog aims to examine how to stay afloat in uncertain times by maximizing cost-effectiveness, go-to-market time effectiveness, and operational productivity.

TOC:

What Is Enterprise Agility?

Enterprise Agility Stats

5 Benefits Of Enterprise Agility

How You Can Implement Enterprise Agility For Your Company & Bring Real Business Change

Enabling Enterprise Agility Through Digitalization

Conclusion

What is Enterprise Agility?

Enterprise agility- also known as business or organizational agility- is an organization’s ability to adapt to rapid change in changing times. Enterprise agility is the prompt, long-lasting, high-quality, & reliable realization of corporate value. An organization can profitably adjust to the environment and market changes.

Enterprise agility starts with development teams and then spreads to different departments within an organization. The development team is susceptible to market shifts and can make newer changes. Enterprise agility considers every minute change and minimizes its adverse effects on business processes, whether market trends, global pandemics, economic downfalls, wars, or environmental hazards.

Enterprise Agility Statistics

Successful agile transformations within enterprises have the power to bring about real change and materialize unfulfilled business goals.

Organizations that implemented agile principles experienced 30% to 50% improvement in their operational performance regarding speed, target achievements, and predictability.

And this is all because of creating transparency on expectations & real-time performance as well as fully committing employees to tasks.

5 Benefits Of Enterprise Agility

• Improves Employee Engagement: When businesses lose talent faster than ever, leaders must develop tactics that guarantee employee retention, satisfaction, and engagement. A key principle of agile is to value the spirit of collaboration and creative freedom within a team. It gives employees a sense of ownership of their tasks, making them feel part of business processes. These are in themselves great drivers of higher employee engagement.
• Boosts Customer Satisfaction: Agile principles put customers and their needs at the center of operations and plan things so that every action provides value to the customer. By focusing on specific product offerings or outputs, cross-functional teams reduce handovers and increase accountability or transparency. The process increases efficiency and reduces customer service time.
• Increases Quality: Enterprise agility focuses on completing tasks in sprints rather than simultaneously belching out entire projects. It ensures that each development phase or sprint is executed perfectly by making iterations if needed. Consequently, the result is a robust, resilient, and tested product that can withstand market shifts.
• Saves Costs & Reduces Overheads: Agile methodologies utilize and reutilize current resources to achieve improvement and innovation. It focuses on building cross-functional teams that effectively reduce external dependencies and overhead costs, thus reducing operational expenses. Also, eliminating unnecessary reiterations in the final stages of development further cuts costs. Sprints enable teams to make necessary changes without much damage done.
• Speed Up Time-to-Market: Agile teams’ cross-functional nature enables them to accomplish business goals independently, without requiring repeated handoffs to various departments. Productivity significantly increases in an agile system where purpose-based teams replace hierarchy. Agile teams give product owners power over a project’s scope, timeline, and budget. This helps to shorten the normally drawn-out approval process and reduces time-to-market.

How You Can Implement Enterprise Agility For Your Company & Bring Real Business Change

• Make Agile Your Mindset: The agile approach can only be achieved if you focus on providing value to your customers. Eliminate the old hierarchical processes built on binaries and bring smooth, cross-functional, and reliable teams with leaders.
• Embrace Cross-Functional Teams: Cross-functional teams decrease dependencies and result in faster product rollout. There’s a lot of transparency and accountability in cross-functional teams as it pulls in every team member in the working processes to create cohesive business outcomes.
• Adapt To Sprints: No development team has the time to start a project from scratch due to one misstep or erroneous judgment. So turn to sprints and the art of consistent reiterations, as it can save time and costs and keep employees motivated and less burned out.

Enabling Enterprise Agility Through Digitalization

Digitalization has a crucial stake in enabling enterprise agility, from the top to the grassroots level. By enabling agile operating models and providing agile services, organizations can leverage digitalization to their benefit.

For example, Netflix is famous for its practice of chaos engineering. It indicates that developers constantly work in an unreliable environment with unexpected services and outages.

Apple, too is agile in its functioning as it does not require strenuous lifting while operating the app store. New application providers add their applications quickly, following a consistent growth cycle. In other words, more apps denote more buyers. With this permissionless revolution, friction is reduced. As a result, participants innovate more into the platform that expands the platform’s value proposition.

Conclusion

Besides in-house development teams, many outsourcing partners prioritize enterprise agility and emphasize it in their working methods by providing agile software development teams.

Netsmartz, a global IT solutions company, is too built on the same principles. With Netsmartz, you can build scalable web architectures, seamless mobile apps, or definitive custom software without worrying about your project’s scalability or the flexibility of our engagement models. If you want to combine top-of-the-line expertise & ease of operations, get in touch with Netsmartz today.