Outsmart Your Competition: Learning Agility = Business Agility
By: A Staff Writer
Updated on: Jul 09, 2024
Outsmart Your Competition: Learning Agility = Business Agility
Remember when taxis ruled, and then suddenly Uber was everywhere? That’s what happens when businesses lack agility.
Getting stuck in a single way of doing things makes you vulnerable to market shifts and disruptive competitors.
- Tap into your team’s knowledge: Encourage diverse viewpoints and cross-train for adaptability.
- Regularly review industry trends: Even if not directly relevant, sparks new ideas.
- Pivot practice: Run tabletop scenarios to test how your business would respond to sudden change.
- Reward experimentation: Small failures now prevent huge ones later.
- “Prototype” new ideas: Test low-cost versions before committing big resources.
- Celebrate learning wins: Company culture shift starts with recognizing it as valuable.
Share a time your business had to pivot quickly. What did you learn?
Identify one area of your business that could use a fresh, experimental approach.