The Benefits of Strategic Agility and Systematic Innovation

Have you ever felt like your organization’s products, services and ideas tend to be just one step behind the market? In today’s business world, companies need to adapt and innovate rapidly to keep up with market demands. Companies find themselves changing and developing in such ways by harnessing new ideas and competencies that allow them to create competitive advantages. This can be a challenge which is why so many business websites, journals, blogs, etc. are focusing on the benefits of strategic agility and systematic innovation. In this article, we will discuss what strategic agility and systematic innovation refer to and how they can help improve the function of your business.

What are Strategic Agility and Systematic Innovation?

Strategic agility refers to the ability of an organization to stay competitive in their market by using innovative ideas to adjust and adapt to changing markets. A company that uses strategic agility will apply these competitive skills to create new products and services as well as new business models.