Business agility is the capability to quickly change or adapt to changes in a business. Building Business Agility is an ongoing process and not a one-time event. Business agility can also be referred to as organizational agility, or adaptive business.
Business agility is the ability of a company to adjust to changes quickly. In business, agility involves the ability to change one’s strategy, operational model, and operating processes in response to internal and external changes.
This changes can be external, such as changing market conditions or government regulations. Internal changes can also have a big impact on business agility, such as disrupting the company culture or stakeholder loyalties, swiftly reacting to customer demands and quickly launching new products.
Organizations that have a high level of business agility will be better suited to take advantage of emerging opportunities, that will allow them to grow and overcome competition.