To keep up with the pace of ever-growing technology, it has become pivotal for organizations to respond and adapt quickly, whether small or established. McKinsey's leaders highlight the importance of organizational agility and choosing a dynamic approach to maximize its benefits.
McKinsey explains organizational agility as follows;
'Agility is the ability of an organization to renew itself, adapt, change quickly, and succeed in a rapidly changing, ambiguous, turbulent environment. Agility is not incompatible with stability—quite the contrary. Agility requires stability for most companies.'
Agility brings stability.
It carves your path by reengaging, improving, and thus innovating your business. Understanding the benefits and advantages of agility, companies have actively pursued agile transformation.
This article addresses how to improve your business to a flexible, innovative, and agile pathway through which you navigate and succeed in transforming your business into an acclaimed digitally agile business.
Here are some key tips to help you make your business digitally agile.
Board of Strategic Consultants:
Having strategic thinkers on board with the project will provide the project with a third-person perspective and a person who will be an adviser to the team. A strategic consultant will be able to analyze progress and market behavior with its advice and explain employees' key terminologies, such as Agile, which employees should completely understand to grow and understand the primary goal they're trying to achieve. A strategic consultant can be ranged from an analyzer to a designer; in specific phases, it's essential to consult consultants from different departments and have an overall risk and progress assessment, which will come in handy to improve and, in some cases, improvise.
Right Team for Right Task:
To become an agile digital business, you need the right team, not a perfect one.
Having a team of old, experienced, new, and talented individuals brings a refreshing ambiance to the team and project. A diverse team will eventually result in diverse ideas and solutions, ultimately making projects more flexible and swift. People will establish a connection through collaboration throughout the project and understand the goal they are working for.
This team should be able to swiftly overcome the stages of trial and error as they are bound to happen, and this can only be achieved when they have a deep-rooted understanding of the project paired with solid decision-making skills. They should not be hesitant to highlight their concerns regarding higher management's decisions.
Make Your Vision Your Mission:
The key to exponentially increasing trust and productivity is through your words; people are affected by it, no doubt.
Having an agile, innovative, and achievable vision statement; will not only motivate employees toward a project and will work with all their zest to achieve it. Turning your vision into a mission concept will also portray you as a great partner in business as you acknowledge the need to be flexible to be productive.
Everyone is looking for a cooperating partner in business who is not afraid to go for calculated risks to succeed.
Establish an Unparalleled Internal and External Communication:
Every successful business becomes successful through effective communication on all ends, from clients to employees; unless either of them can't properly communicate, it leads to a gap which will inevitably cause loss of trust and will highlight incompetence on your behalf. Businesses should establish the concept that their employee is someone else's client.
Businesses take pride in having unbreakable partnerships and communication through multiple meetings, projects, and digital platforms. Companies have in-sync information about clients and their wants through surveys and reviews; however, it should be noted that communication with employees should be equally effective and in-loop.
To establish unmatchable, crystal clear communication within your workplace, carry out meetings and employee surveys in each department on how to improve and accommodate work for everyone. These surveys are essential to understand what your employees think, and as they are your task force, you are to understand and accommodate them first. Employees' understanding that you and your organization strive for agility and transparency will come in handy during pitches. Your employees will clearly understand the goals you are trying to achieve.
Create and Innovate with the Help of a Partner:
Having a business partner who has digital literacy is a must-have in your team in the long run, as they will understand your perspective and why you are taking some risks, which is why someone of a non-digital background will not get it. It would be best if you had a partner who would not only analyze your ideas but give you advice on the risks you might face and even potential solutions to those risks.
A partner should be someone who sees potential in you and your team but helps curate and nurture your team's raw talent.
Don't be all talk no work; prove that not only do you all innovate but also create. Surprise them each time.
Humans are designed to stay in a comfort zone, and the fear is usually of something you never tried. To succeed, you need to take calculated risks that are not going to damage your finances and team spirit. As you are in a digitally agile business, it is comparatively easy to calculate risks, think of a loophole, and even overcome losses that may occur quickly. Don't be afraid to make a bold statement (which is researched well).
Embrace digital advancement and use them to your benefit in exhibiting confidence and making an unforgettable impression.
Try new methods and approaches that will be time and cost-efficient, and create a strategy that works best with you and your team.
Test and Validate Technical Pre-Requisites, in the starting phase of the project:
Digital agility will not be complete without a series of trials and errors in the initial phases of the project. Testing your concepts and acknowledging how many restrictions you might overcome and what the limits are crucial to being thorough with your research. Researching and not getting the optimal result you desire is part of knowing how much time and money will be required is a considerable component that might be overlooked as the project is funded. Trusting the process should not be the initial mantra of the project and its team, as trust can only be earned when everyone's certain that the research has passed initial trials and will give concrete results as the final analysis is approved. It is crucial to validate that there are risks in your projects and specific techniques that will help you. At the initial stages of a project, the team leaders and strategists must clearly understand whether this project will be fruitful in the future if this amount of work is put into it.
Budget in batches:
This is a pro-tip to save financially if this doesn't go as planned. Even if you have a long-running project or a smaller one, it is advised that you allocate small batches of budget so that if you face loss, all your budget doesn't go to waste. If it's a long year or two-year project, it is advised to fund it quarterly so that there are precise data how your expenses and how you can be even more efficient with your money and time.
Having one high-quality, well-researched product from a project is better than having multiple projects with little profits. An agile business should highly encourage testing and optimizing its product before they try to pitch it in the market.
Agility is achieved when a business employee gets quality technological gear and an innovative environment that perfectly meets their needs and helps them innovate and become comfortable while working.
Striving for a perfect outcome will waste time; rather, promoting a well-researched project, which can further develop, is what an agile business does. They focus on quality and efficiency rather than perfection.
Stay updated on the trend and take the lead:
The critical difference between an agile business and an old business is an agile company's approach to acknowledging that it is essential to incorporate digital mediums in work as they are time efficient and, most importantly, part of our lifestyles. So it is more time and cost-efficient for people to work with things that they know rather than doing it the hard way.
Keep yourself and your business in trend with the market and what clients want. Keep updating yourselves and research for further projects. No project is easy, so it is vital to do an adequate amount of research and after that, have confidence in your hard work and don't be afraid to lead it.
To truly transform your business, it's important to trust yourselves, and the time you take to do it. It will not be easy, to say the least; everything will require crucial decision-making and effective time management to achieve the goal you are striving for.