Rapidly shifting trends, technology and customer demands, connectivity and globalisation all create new challenges and opportunities. However, many well established businesses are struggling to complete with their younger and more agile counterparts. Just look at how streaming services have disrupted the home entertainment industry.
Generally, the larger and more established the organisation, the harder it is to change its direction quickly and smoothly. There is more to gain for newer companies and more to lose for larger ones, so the risk–reward equation can inhibit growth for incumbents. Capitalising on opportunities in today’s disruptive market is the difference between success and failure.
“76% OF CEOS SAID ABILITY TO ADAPT TO CHANGE WOULD BE A KEY SOURCE OF COMPETITIVE ADVANTAGE IN THE FUTURE” – PWC
Realigning strategies to focus on creating an agile workforce has increased the ability of all organisations to compete: an agile mentality can lead to financial reward and remaining competitive relies on a good grasp of data.
Read more in the full paper ‘Thriving in a Disruptive World: Developing True Workforce Agility’ and find out what the Simply team think are the seven key steps to success in developing an agile workforce.