Business Agility

Meaning & Definition

Business Agility is a business’s capability to change quickly to react to changes in the marketplace, customer requirements, and internal business challenges without losing momentum. The focus of HR in Business Agility is to allow for flexible workforce planning, enable quicker decision-making, provide opportunities for continuous learning and provide adaptable processes, so that organisations are able to respond to change effectively. 

Important features of Business Agility

• Allows for quicker responses to changes in the marketplace and within the business. 
• Facilitates the development of flexible workforces and skill development. 
• Encourages the collaboration and efficiency of multiple departments to work together (cross-functional collaboration).
• Promotes the development of innovative and continual improvement. 
• Strengthening the long-term business resilience and competitiveness. 

Compliance/Policy Considerations: 

There are no statutory requirements that are directly related to this term; therefore, business agility relates to: 

• Internal Governance and Decision-Making Frameworks. 
• Change Management and Workforce Policy. 
• Performance, Learning and Talent Mobility Guidelines. 

Having clear policies in place ensures that agility can be achieved without compromising accountability or compliance.