Strategic Agility

Summary

Strategic agility has emerged as an important concept in today’s markets. Production processes are reformed with the help of strategic agility. Technology and innovation are used to develop new products and markets. Strategic agility is crucial to avail the first mover advantage in the market and getting the maximum share of the customers. Also acquiring new customers becomes easy through strategic agility. Straight behavior on the part of the companies gives customers a better position as choices are expanded. Along which choice passion for the customers, profits are maximized for the firms practicing strategic agility. There are various pre-requisites to strategic agility development. Also, these are ways to enhance the agility of the numerous teams working in the company.