They are actually inseparable. Strategic flexibility is the capability of an organization to respond to major changes that take place in its external environment by committing the resources necessary to respond to those changes. 1 Shares. 5 Reasons Why Ecommerce Is So Important For Your Business. Change is inevitable in life. The Importance Of Flexibility At Work. July 25, 2019 - Job & Career. While flexibility is very necessary when your business is taking unexpected twists and turns; I think that flexibility, in general, is a wise trait for entrepreneurs to cultivate, even in times where things are feeling certain and going well. About; Latest Posts; Ben Walker. Adaptability is important because as new technology evolves, companies established in the “old ways” may have difficulty competing with major players in their industry. “Most of the workforce are likely to need flexible working at some point in their career,” says Garner. Those large corporations have all kinds of red tape, bureaucracy and regulations that can make their business much more rigid and even downright inflexible. Tweet. Why is flexibility important? Home » Blog » Job & Career » Why is it important to be friendly at work? Employers are looking for employees who can demonstrate strong adaptability skills and become company leaders. The importance of flexibility in business. What I mean by flexibility here, is not physical flexibility, but the willingness to adapt to a constantly changing environment. Why Adaptability is Important in Helping You Manage Change How do you prepare yourself mentally to handle whatever life throws at you when you wake each morning? Being confident can help you make successful business decisions and stand up for yourself in the corporate world. There’s far less friction involved in the process, and you’re able to do more with less. Click to enlarge . While selling is still a goal, the Page has become a community for the users of … Managing diversity in the workplace is very important. Flexibility in the workplace impacts how you attract, hire and retain top talent for your business. In a business context, flexibility can refer to a number of different ideas. I wanted to share with you why this is so important, perhaps even more important now than ever. Jutte: 'A company can justify its existence by demonstrating that it can do things better, faster or cheaper than its competitors. Governance is usually concentrated in one or two people (usually owner-managers) who are very close to the operations, its customers and the competitive environment. These skills are in demand and will help you get hired. If you're doing business overseas, it is important to adapt to the way they handle business in that specific region. In today’s world, high calibre clients look for a job offers which are not only favourable in terms of the pay but also in terms of advanced benefits, technical support, and the flexibility to help them achieve peak performance. It is a vital emotional intelligence attribute. If leadership is stuck in the same traditional workflows and ways of doing things and they don’t provide employees with autonomy and a sense of flexibility, there’s never going to be true agility. Flexibility in all matters is important in small businesses. Namely the primary process which delivers the (end) product / service. (We have written a detailed article on the Attributes of Workplace Flexibility.) Why is it important for business owners to think about the flexibility of their business? Energy. If a business is set up to respond rapidly and with flexibility to customer demands, then they are more likely to live another day to … Authenticity is really important in the social impact world because so many companies are just now trying to capitalize on the space as it becomes ‘hot’.” As Managing Director of Social Impact at Prokanga, Davis both educates businesses on remote working protocol to minimize the impact of commuting on the environment and matches candidates with the appropriate mission-driven organizations. Less volatility. So, here are a few ways to make flexibility work for your small business: (1) Flexibility with Staff. Actively seek out the opportunities and experiences that make you a more agile and valuable part of the business. All Business; Aerospace & Defense . It seems like everything evolves, and all moves. It ranked above other skills such as interpersonal skills, communication, work ethics, and principles. No comments. But that same company can also lose that competitive advantage overnight. Business is not always predictable, which is why leaders must be adaptable. Harvard Business Review, Nov./Dec. The use of business resources in general is also important to assessing the degree of business flexibility that is current present. Having a mind to accommodate the diversified culture, employers are ready to identify the needs and address them too. More importantly, the organization should be able to identify change markers so that it can go back to its previous state when the external environmental change is reversed. Care is taken to see that interaction is smooth. There is a lot to be said with respect to the importance of self-confidence in business. Here's how and why you should implement Dr. Tony Alessandra and Dr. Michael O'Connor's approach to adaptability if you're stuck in a professional rut. Business Agility and process flexibility are going hand in hand. I was talking to a local shop owner the other day who was bemoaning the typical seasonal business slowdown. Making friends in the workplace can help develop your career and also help you become a great leader. Share 1. Flexibility and freedom are important both for increasing employee satisfaction and reducing employee turnover. 7 reasons why networking events are important for your business Posted at 17:02h in News by admin Today there are so many great ways to learn and improve your business; you can read blogs, attend webinars, listen to podcasts and watch videos on YouTube to name a few. Indeed, when your organisation launches a new – or renewed – product or service, this will un doubtedly impact at least one business process. by Luke Doyle. Better flexibility means a better range of motion, which prevents injuries and allows you to achieve the maximum results that you’re putting into your fitness routine with weight training and cardiovascular effort. 16. Savvy leaders understand that talent is the single most important factor in a company’s success. Why Self-Confidence is Important in Business. One key aspect that kept getting repeated was the importance of workplace flexibility. I’ve been thinking about this idea for a few days, borne, as my ideas often are, by interacting and observing my clients. Though emotionally disturbing, arming ourselves with lots of adaptabilities will go a long way in handling change. Importance of Flexibility in the Workplace: ... With the globalization of many businesses, there is an interchange of cultures with varied interests. The Advantages of Flexibility in an Organization. May 2, 2020 By Jackie Harder Leave a Comment. In today's ever changing business world, being adaptable is something many businesses hang their hat … Do you end up feeling anxious and worried when you think about what each day holds for you? but after that, Businessman. Pin. Self-organization is a concept important to agility in the workplace. Flexibility allows you to benefit most from the rest of your physical activities. One of the crucial skills employees watch out for in an individual is 'adaptability.' What I am starting to see is that this is no longer the future way of work – we are starting to see it more and more from large corporates to SMEs. 1996) ... Small firms have far fewer embedded systems and processes that constrain flexibility, impede fast decision-making or slow the speed of execution. Financial flexibility gives a business the ability to adapt, pivot, and evolve with relative ease. It also has very little to do with influencing people. Business agility then is an organizational method to help businesses adapt quickly to market changes. by Ben Walker. That means external changes, but also internal changes. CEO at Transcription Outsourcing, LLC. Published 18th November, 2016. Having self-confidence when being a business owner or a business executive is extremely important to your business’s success. Why It’s Important to Keep Your Business Plan Flexible. Family 1st! The site has since expanded, offering a section for dads, support on employment issues and a home business section. Just a guy that Loves the Hustle, People, wine and the NYJets. Along with materials and production equipment, the use of labor and the investment of profits also have an impact on the ability of the business to remain viable in the face of change. A shift in the business model means a new opportunity for growth. This includes a roll up your sleeves and muck in attitude from everyone, CEO to trainee. It's more important to be flexible now than it ever has been. If there is anything that we can be sure of in the universe, it is constant change. One major advantage that your small business has over the big fish is flexibility. Are you a “yes, but” business owner? 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