In normal times organizations face numerous uncertainties of varying consequence. Managers deal with challenges by relying on established structures and processes. These are designed to reduce uncertainty and support calculated bets to manage the residual risks. In a serious crisis, however, uncertainty can reach extreme levels, and the normal way of working becomes overstrained. At such times traditional management operating models rarely prove adequate,… Read more »
For more interesting articles, visitAcross industries and regions, the concept of organizational agility is catching fire as companies scurry to deal with rapid change and complexity. Yet, achieving the ability to reshape themselves quickly is proving elusive for most. The findings of McKinsey’s first global research study of agile organizations underscores the difficulties in achieving their desired nimbleness. But it also illuminates that getting agile right delivers substantial rewards ranging from efficiency improvements and improved customer satisfaction, to faster time to market.