I think a good way to think about agility is the ability of a company to strike a balance between their “explorative endeavors” (innovation, R&D, entering new markets) and their day-to-day focus on execution and meeting their margins—what we could call their “exploitative side.” These so-called “ambidextrous organizations” are able to exploit their current position while keeping their eyes focused on their external environment, reacting and seizing opportunities as they unfold. They usually do this by designing exploratory entities that act as filters between the outside world and the organization. For example, venture capital vehicles, employee incentive schemes or open innovation programs.
Author: Ioannis Ioannou
Subjects: Management, Organizational Behavior