Insight

Elevating Business Growth with Enterprise Agility

In today’s changing business environment, enterprise agility is now becoming essential. Enterprise agility means the ability to adapt easily to change. In the business perspective, agility refers to a distinct quality that allows institutions and corporations to respond rapidly to change. Agility across a whole enterprise combines speed and stability. Enterprise agility helps to elevating business growth.

Speed Up Time-to-Market

The cross-functional character of agile teams lets them complete business objectives on their own, without multiple handovers to different departments. In an agile structure, where hierarchy is replaced with purpose-based teams, productivity improves significantly. Product owners in agile teams have autonomy regarding the scope, timing, and budget of a project. This works to eliminate an otherwise lengthy approval period.

When departmental silos and handovers are removed, the time to turn concepts into products drops, speeding up product releases.

Increase Quality

The agile approach calls for work to be completed iteratively each iteration (sprint) is a fully working release of a product or service.

The team needs to test it to deem a release working, which naturally results in better quality in the following iterations. On the other hand, the traditional method of project delivery might produce errors discovered in late phases. This is because testing happens near the end of project delivery when the product is complete. With a near-complete product, the amount of testing necessary to check often results in a delayed-release or low-quality product.

Improve Operational Effectiveness

By constantly refining product development based on feedback, organizations with agile principles at the core exhibit greater operational effectiveness.

To further streamline their work, agile teams can use OKRs (objectives and key results). OKRs are trackable deliverables of high-level initiatives. For example, the company’s objectives can be to achieve high revenues and increase profitability; the key results of these objectives can be expressed as specific goals (e.g., commence sales in another country or increase gross profit margin by a defined percentage). The graphically illustrated progress of OKRs helps ensure good project organization and streamlined output delivery.

Whenever glitches or bottlenecks occur, the agile setup lets teams make project adjustments swiftly and early on. When there’s a need to pivot (completely change the direction in which the work is going), agile teams can quickly redefine their approach before wasting significant time on faulty or ineffective features.

Purpose-based teams decrease the necessity for handovers across different departments. The high focus of agile teams and trackable OKRs result in seamless business operation without departmental miscommunication. Therefore, agile organizations adapt fast to changes in market demands.

Save Costs and Reduce Spending

The combined benefits of the agile approach offer numerous cost-saving and growth opportunities for businesses.

For example, by restructuring teams to be self-sufficient and cross-functional instead of working in the traditional hierarchical model, companies can delegate the employees left after reducing management layers to new and innovative tasks that facilitate company growth.

When teams become better at utilizing and managing resources, cost-saving opportunities will quickly emerge.

Find out more about how to elevate business growth with enterprise agility at Indonesia International Digital Innovation Summit 2021 on December 16th, 2021!

Limited seat! FREE registration at https://i2dis.multimatics.co.id/#register