While the ongoing global health crisis has led to many unfavourable changes to most, if not all industries around the world, the pandemic has also hastened the adoption of evolving business strategies. This is especially true of those that are involved in making businesses and organizations more agile.
Andrew Young, a managing director with Accenture’s Talent and Organization/Human Potential practice said of agility during the pandemic:
“In fast-changing conditions, agility really matters. You need to respond quickly, but you also need to have a stable core of leadership and talent and culture. To deal with the challenges going on outside the organization you need to make changes inside. It is a bit like trying to get your bike pedals moving while not falling off the bike.”
In line with that need to adapt here are some of the agile transformation trends that defined 2020:
Agility in every sense of the word
Now, more than ever, businesses are seeing the importance of embracing agility. Business agility not only demystifies business change and provides companies with a simple and effective framework to use during times of great uncertainty, it also helps them to manage market change, adapt products or services to current trends, and map a successful path to launching a new product or service.
In his article on Medium, Majed Najrani shares how it is only through Agile practises that organizations can ensure longevity these days, given the speed of globalization and the emergence of disruptive technologies.
The ongoing health crisis also turned the consumers’ values upside down, thereby making it impossible for businesses to continue using old frameworks. Insight Success detailed how companies can improve agile operations by helping employees arrive at well-informed decisions, and by providing plenty of opportunity for collaboration and diversity. This will ensure businesses are able to meet any challenge swiftly and without much disruption. Businesses that are too slow to change will quickly get left behind.
Agile for all
With most industries in the world slowly becoming more and more reliant on technology, agile practises will increase in sectors such as engineering, human resources, and marketing among others. This is why Verizon Connect emphasizes that it is imperative for businesses to digitize processes. By making full use of technology, companies will be able to answer to the unique needs of clients caused by the pandemic.
In an interview with Information Week, Anexinet’s Scott Abate mentioned how this trend will likely continue at a faster pace this year. This is because adopters will be able to immediately reap the benefits of agility and adaptability in their own fields. With Agile practises, organizations will be able to come up with products and services that much more effectively take into account the customer’s views and demands, therefore leading to greater business value.
Focus on the business value delivery
As Agile becomes increasingly incorporated into business strategies and practises, stakeholders are finding more reason to examine the ways this form of operating is able to help deliver business value. A write up by IT Portal explained how this focus on managing and tracking of the delivery of business value will allow development organizations to pick out the right priorities and be able to adapt to feedback instantly. The result of this according to IT Portal is that “as Agile becomes increasingly baked into organizations’ strategies, stakeholders are starting to take a step back to look at the ways that Agile is delivering value and trying to gain more visibility into where the organisation is excelling or stalling.”
In addition to this, this trend will also allow business leaders to have a better understanding of how expectations are being met through the help of Agile practises. This will eventually aid them in making improvements, increasing team performances, and introducing strategies that will in turn push the business forward through this difficult year and beyond.
Of course, as with any other strategy or business practise, its success will greatly depend on the care put into the planning and managing, since this can help organizations overcome potential institutional resistance. To learn how an Agile business framework can help you, check out our post 'Agile Business Framework to Deliver Your IT Strategy and Roadmaps'.
Author: Naomi Paul