It’s a simple statement.
We’ve written extensively over years on why Agile is good for business. It’s undeniable. Here we wanted to summarise some of our key points, while leading you to more in depth reading you can do later. Please get in touch with us at the bottom of this page if you’d like to discuss Agile for your business.
What problems does Agile solve?
After reading below you will understand that the problems Agile is solving are the following:
a. Customers needs aren’t met. Products aren’t thought through, and are slow to market.
b. Business suffer or fail, because they weren’t able to pivot when the market changed.
c. Silo’d teams create increased tension and lack of visibility to business strategy.
d. Losing talent. Employees have low morale due to lack of leadership and transparency on their purpose and role and as such are leaving the company.
Why is Agile good?
Customer needs are met.
The number one reason in our opinion why Agile is good for business is because it allows for companies to meet customers’ needs, faster, more accurately, and with the ability to flex when needed. Engaging in short cycles with iterative feedback loops means the customers’ needs are being met from the outset, and improved along the way.
Read more: The Four Unexpected Benefits of Agile
Businesses can pivot quickly
Agile is good because it prepares a business for market forces that are often unseen (covid-19 is a stunning example). Businesses can only pivot quickly when they are nimble in their operating models, and have the systems and behaviours in place to adjust.
Read more: The Three Whys of an Agile Operating Model
Cross-functional teams work more efficiently
Agile is good for businesses by ensuring everyone is aligned on a unifying goal. This is done with self-organising, cross-functional teams. A good example of this is in health, during the 2020 pandemic when information and products needed to be developed in lightening speed. This takes teams made up of people from several functions working collaboratively together in a familiar cadence and with transparency. The scientists, the communications dept, the marketing dept, the finance dept, the risk and governance – teams were made up of all functions so were aligned from the outset on the deliverables required. The speed to market reduced drastically from several years to several months. That’s Agile at play. However this same idea can be applied to Banking, Retail, Government – any industry that needs to move quickly to release products and services.
Read more: Four Benefits of Cross Functional Teams from CIO Tech Target
Employee Morale Increases
If you read the above article you will have seen that a key benefit of cross-functional teams is employee morale increasing. Agile is good for cross-functioning teams as the communication lines are far more clear and open. Employees get connected with a lot more people outside of their head office or function area. The lift in employee morale is a result of the trust and transparency that comes with Agile methodologies use in cross-functional and self-organising teams.
Read more: High Employee Engagement