As a term in business, “agile” is typically used to refer to a project management methodology, especially for software development. But there is a different, more strategic connotation of agility that merits close attention by boards as markets evolve. A recent survey of 3,000 CEOs and senior executives reports that most CEOs (98%) recognize they need to change their company’s business model within the next three years. So, the message is clear: As markets evolve, so should companies. But what should leaders do to enable their organizations to function at the speed of the market?
In this issue of Board Perspectives, we offer a holistic approach for directors to consider in boardroom discussions.