Many organisations are built to survive and thrive in a 20th century business climate. A climate marked by relative stability and low levels of competition, where efficiently delivering known products and services for years was the recipe for success. Unfortunately, what worked back then does not work well today. The 21st century is anything but stable and competition is anything but low. An exponential rise in volatility, uncertainty, complexity and ambiguity (VUCA), and hyper-competition means that the old approach is not enough. In this talk, we will explore why, to thrive in this new world, organisations need to also be effective at creating new products, services and even entire business models. They must become masters of reinvention. They must achieve business agility. And yet, most Agile transformations fail. They fail because their focus is too narrow. We will explore The 6 Enablers of Business Agility and how focussing on these areas can help to unlearn 20th century practices and set organisations up for success in today’s new context.
- Describe how given the relative stability of the 20th century, exploiting existing products and services with efficiency was the main competitive advantages
- Explain that, given the vastly increased levels of VUCA in the 21st century, exploring new products and services with agility has become the new competitive advantage
- Outline the main reasons why most ‘Agile Transformations’ fail, and explain why only those which take a broader focus and a holistic approach will success