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Small companies have one key advantage big companies often struggle to achieve: agility. In a world of accelerated change, an organization’s ability to pivot quickly can make the difference between success and failure. When it comes to pivoting, small businesses often have a big leg up over their big business competitors. Here are nine simple ways to increase your business’s agility while accelerating growth.
1. Obsessed with customers
Customers come first. Best-in-class organizations keep a close check on customer feedback and quickly address customer needs. They also anticipate changes in customer demands and preferences.
2. Energized by leadership
Companies that prioritize agility have leaders who lead by example. These leaders are full of energy and get their work done by encouraging their team members to do great things and then allowing them the freedom to perform.
3. Aligned by clarity
Agility means fast execution. It’s easier to execute fast when everyone is aligned with common goals. The highest performing organizations have a single direction, and everyone knows how their work relates to the big picture.
4. Empowered by simplicity
Simple rules and less bureaucracy make for a more agile organization. The fastest organizations are also the simplest organizations. Complexity slows you down.
5. Enabled by ownership
The most successful organizations have a meritocratic culture, and they are fair to everyone. This inculcates ownership in employees for the success of the organization and themselves.
6. Attracted by winning
A simple way to attract the best talent in the industry is to show your organization is a great place to work. When good talent comes together, you attract more good talent and create positive momentum for success.
7. Disrupted by innovation
Successful organizations stay ahead of the curve and are also the most innovative. New ideas and initiatives draw the attention of both customers and employees.
8. Ratcheted by challenge
Best-in-class organizations push the envelope. They encourage people to stretch themselves by giving and taking constructive criticism and expecting the best from everyone.
9. Accelerated by collaboration
Collaboration and trust-based partnerships, both within and outside the organization, result in win-win situations and help in building long-term business relationships. When your people communicate better, they get more and better work done.
The opinions expressed here by Inc.com columnists are their own, not those of Inc.com.
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Peter Economy
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