In an environment of rapid technological advances, economic turmoil and changing consumer behaviors, most companies recognize that to be successful, they have to be adaptable. And yet, fewer than half of companies say they are good at making changes, according to a new research report on leadership agility by the Institute for Corporate Productivity (i4cp).
The Organizational and Leadership Agility Survey asks business professionals to report on the stability of their business environment, the ability of their leaders to adapt to environmental changes and the extent to which executive leadership culture has a negative influence on organizational agility.
Over 75% of respondents reported that their business environment is changing or rapidly changing, which is no great surprise. However, only 44% of companies reported being adept at identifying and making needed incremental changes to a high or very high extent, while a scant 40% said their organizations are adept at recognizing and responding to strategic challenges in a timely manner. And less than a third (32%) said their organizations were proactive in anticipating and initiating the changes needed for sustained high performance beyond their immediate strategic challenges.
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