Five Ways Companies Can Be More Nimble
In order to manage and surmount uncertainties, companies need to become intelligence-driven, and that is achieved by understanding and acting upon five types of agility, notes Baba Prasad. He discusses these concepts in his book Nimble: Make Yourself and Your Company Resilient in the Age of Constant Change. Prasad spoke with Knowledge@Wharton about his book in a recent interview.
Content: Article | Author: Baba Prasad | Source: Knowledge@Wharton | Subject: Management
Baba Prasad
Agility is often confused with a speedy, reactive response. We can instead think of agility as a speedy and effective response, not just toward current circumstances but also [to factors] that may now be beyond the horizon. It’s not just a reactive response; it also is a strategic response. This is where [the concept of] strategic agility needs to come in. [Strategic agility] makes one … [ Read more ]
Content: Quotation | Author: Baba Prasad | Source: Knowledge@Wharton | Subjects: Management, Strategy