Strategic Agility

By IntroBooks Team

Strategic agility has emerged as an important concept in today's
markets. Production processes are reformed with the help of
strategic agility. Technology and innovation are used to develop
new products and markets. Strategic agility is crucial to avail
the first mover advantage in the market and getting the
maximum share of the customers. Also acquiring new
customers becomes easy through strategic agility. Straight
behavior on the part of the companies gives customers a better
position as choices are expanded. Along which choice passion
for the customers, profits are maximized for the firms practicing
strategic agility. There are various pre-requisites to strategic
agility development. Also, these are ways to enhance the agility
of the numerous teams working in the company.

• Language: English
• Publisher: IntroBooks
• Release date: Nov 28, 2019
• ISBN: 9781393551263

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Strategic Agility

IntroBooks #547

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Preface

Strategic agility has emerged as an important concept in today’s markets. Production processes are reformed with the help of strategic agility. Technology and innovation are used to develop new products and markets. Strategic agility is crucial to avail the first mover advantage in the market and getting the maximum share of the customers. Also acquiring new customers becomes easy through strategic agility. Straight behavior on the part of the companies gives customers a better position as choices are expanded. Along which choice passion for the customers, profits are maximized for the firms practicing strategic agility. There are various pre-requisites to strategic agility development. Also, these are ways to enhance the agility of the numerous teams working in the company.

Summary

Strategic agility is the flexibility of a company to acquire new markets via introduction of new products. Capturing of new customers by venturing into the new arenas. Strategic agility might not be inbuilt in a company but can be developed through persistent actions in the correct direction. Various mechanisms can be adopted to advance the agile behavior in the company’s nature. Strategic agility helps to monetize on the opportunities that lay untapped in the market through technological innovation. Targeting the needs of the customers that are not being met currently in the market. This is achieved through targeting the elements that lay outside the area of current thinking. The first mover advantages are taken through strategic agility and strong demand for products is created. New markets are cultivated in such an environment of agility.

Company can sense and respond to disruptions in the market through its supple behavior. High levels of complexities and uncertainties are tackled through strategic agility. Basic challenge that remains is the ability to respond and adapt quickly