04 May 5 Things To Avoid While Practicing Organizational Agility
Despite the fact that small and medium-sized organizations sometimes have far fewer resources than bigger enterprises, emphasizing Organizational Agility is just as important for their survival. This is due to the fact that in today’s society, where a range of unpleasant shocks can occur at any time, you must be well prepared to prevent being overwhelmed. Recent events, such as the pandemic, supply chain issues, war, inflation, and The Great Resignation, serve as stark reminders of why your SMB must be agile.
When your customers’, workers’, the market’s, the economy’s needs change, as well as other elements, agile firms can react rapidly and continue to work toward their company goals. To be agile, you must put in place mechanisms that enable you to adapt swiftly to rapidly changing conditions and opportunities by preparing your people, processes, and technology.
Agility, on the other hand, does not happen suddenly. There may be setbacks that will make your agility journey a difficult trip. Recognizing this is the first step in achieving business agility.
Keep an eye out for these stumbling blocks along the road.
Keep an eye out for the following 5 roadblocks* on your path to organizational agility:
1. Survival mindset
This refers to a business unit’s hesitation to accept innovations owing to risk-averse mindsets or the perceived danger of innovations devouring up current business in the context of agility.
2. Office politics
When the goals and priorities of a business unit are mismatched, it is most often due to workplace politics. It can result in the distribution of innovation activities and the formation of rival innovation units within the same organization, straining resources and diluting impact.
It might also take the shape of an unwillingness to rearrange the innovation portfolio in order to focus on a few mission-critical goals, preferring to keep “pet projects” running for extended periods of time.
3. Silos of information
Information silos make it difficult for corporate divisions to share information. When knowledge – or any other important asset, such as core talent – is hoarded and hidden from others, the entire organization suffers. Information silos, together with workplace politics, may explain why certain inventions, while effective within the unit, fail to scale in the main organization.
4. Inadequate strategic fit
Over time, innovation divisions can become separated from the core business and lose sight of the company’s vision and objective. When this occurs, which is especially likely when innovation units are located in a different city or nation than the management team, the innovation team may begin to define its mission in ways that are incompatible with the primary business.
5. Inadequate buy-in
If the primary business’s leadership team does not buy in or engage, failure is a definite conclusion. This might be because they have never been fully engaged, or because their attention has been split too thinly over several activities.
Collaboration is essential for success.
Constantly monitoring for the aforementioned hurdles may be more than most SMBs can handle because it necessitates a large amount of work, time, and skill sets. However, by collaborating with an expert MSP like us, you can focus on your company while we make your transition to organizational agility as easy as possible.
Please do not hesitate to contact us for a no-obligation consultation.