Why change now?
The term “VUCA” was first used in 1987 to describe the increasing volatility, uncertainty, complexity and ambiguity associated with the global forces of change. Since then, we have seen entire industries collapse, dominant firms get upended, and operating models become obsolete.
To surmount the VUCA challenge and drive the growth demanded by stakeholders, many leaders turn to tried and trusted techniques.
But, the statistics are overwhelmingly clear that this will not work. S&P 500 data show that corporate lifespans are contracting rapidly—from 60 years in the 1950s to maybe 15 years today.
Studies show that the vast majority of firms have recently restructured in an attempt to sustain performance. Yet, less than a quarter are successful. Typical approaches to restructuring soak up precious time and drain people’s energy.
We believe business agility offers a way to keep pace with emerging technologies, shifting consumer demands, increasing competition, and new policy and regulation.
As old models are sinking in the face of rapid change, business agility allows you to harness this energy, continuously innovate, and bring desired products to market—breathing new life into your firm. Studies show big gains at organizations that have successfully made the transition to agile ways of working.