25 Apr Making the Case for SMB Agility
For companies of all sizes throughout the world, the last two years have been a roller coaster journey. Small and medium-sized companies (SMBs) were particularly hard impacted during this period. Because most SMBs had less funds and resources, losses were far more severe than for larger firms with greater resources.
Whether your organization had to totally shut down during the COVID-19 lockdowns, build a touchless customer experience, or move to a remote workforce overnight, you may have had a lot more at stake than the ordinary business.
Whether you’re dealing with a worldwide epidemic or something as basic as changing market circumstances, if you want to survive and achieve your company goals, you must enhance the speed and flexibility of your organization.
What is business agility?
Business agility is all about putting in place procedures that allow you to adapt swiftly to rapidly changing conditions and opportunities by preparing your people, processes, and technology.
Businesses that embrace agility can manage their growth in a flexible, self-sufficient, and productive way. As a result, efficiency rises and costs fall.
You don’t predetermine the path forward using this strategy. Iterative adjustments are instead implemented based on feedback loops established during the growth process, such as from workers and other important stakeholders. Once you’ve made modifications to meet all of the constructive ideas, you may plan to make more changes depending on future comments. Because customers are a part of the process, you can utilize their input to identify priorities and make improvements.
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Benefits of bringing agility to your SMB
Your company can profit from agility in the following ways:
More responsive to change
We have a tough time adapting to change as humans. This unwillingness to adapt to change regularly spills over into our business, stifling our development trajectory.
Business agility prepares your organization to adapt to change faster, with fewer adverse effects on the business.
Quick adaptiveness to the market
If there is one thing that businesses typically lack in the face of fast change, it is adequate time to plan. The inability to solve a problem in a timely manner might lead to more issues.
Businesses that are agile and adaptable can swiftly adjust to a changing market or the changing demands of their clients.
Less risk of extended downtime
Downtime is a business killer, and if it occurs frequently, it may lead to staff and consumer discontent. As a corporate leader, it is your obligation to guarantee that your organization is secure.
Riding the route of business agility helps you to adjust to new conditions without encountering lengthy downtime.
Protected bottom line
Plugging all financial leaks is critical because money is required to create more value for your customers and to grow your business. Therefore, it’s crucial to avoid unexpected roadblocks that appear out of nowhere and burn a hole in your wallet.
Being flexible and agile is the best way to adapt quickly to sudden road bumps and not lose money.
Partner for success
Ultimately, prioritizing agility in your SMB increases your chances of meeting your objectives and succeeding in business.
However, developing organizational agility is easier said than done, especially when you already have countless other responsibilities. It may require more time and effort than you have available.
As a result, partnering with a managed service provider (MSP) like us may be the best option to ease your journey towards organizational agility.
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