CIOs of adaptive organizations rely on Agile methodology to keep up with the fast-moving business demands. However, adopting agile or emerging technologies can only be the means to move forward. It is the organizational culture at large that should adapt fast and soon. In this article at ZDNet, know how adaptive organizations grow faster than their competitors and experience better revenue growth.
Adaptive organizations not only adopt Agile but also adapt to emerging technologies and practices faster than peers in the industry. Recent researches show that these organizations earn 3.2 times more revenue than their competitors. So, what are the factors that set these adaptive organizations apart? Read the following:
Insight-Driven Steps: Adaptive organizations analyze customer demands and change their business model as per the data collated from the market. This makes the customers relate to their products faster and become loyal to the brand. CVS foresaw self-service and clinic-centered heathcare as a prolific business venture of the future. It has now acquired MinuteClinic and Aetna to stay ahead in the competition.
Delivering New Business Value Through Emerging Technologies: The more advanced in-house technologies are, the easier it gets to deliver new business values. Mastercard leveraged big data analytics platform way ahead of their competitors. It has further advanced its progress by making use of technologies for fraud detection, B2B payment gateways, etc.
Creating an Innovative Corporate Culture: Adaptive organizations change their business models faster than their peers. This requires their workforce too to get habituated being on the transition phase constantly. So, these organizations encourage an innovative culture where the excitement to learn something new overwhelms the fear of change. Employees are flexible to change and adapt to new operational framework better than their counterparts in other organizations.
To view the original article in full, visit the following link: https://www.zdnet.com/article/adaptive-enterprises-are-growing-three-times-faster-than-their-competitors/