The Importance of Business Agility for Companies
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
The Importance of Business Agility for Companies
Business agility is the ability of a company to quickly and effectively respond to changes in the market, customers and internal processes. It is a key aspect of business success in today’s fast-paced and ever-changing business environment. Companies that possess a high degree of business agility are better able to adapt to market changes, take advantage of new opportunities, and remain competitive in the long term.
One of the most important benefits of business agility is the ability to respond quickly to changes in the market. Companies that are agile are able to adjust their strategies, products and services in response to changes in customer demand, new technologies, and shifts in the competitive landscape. For example, a company that is able to pivot from a brick-and-mortar business to an e-commerce model in response to the COVID-19 pandemic will be more successful than one that is slow to adapt.
Another key benefit of business agility is the ability to take advantage of new opportunities. Companies that are agile are able to identify and capitalize on new opportunities, whether they arise from changes in the market or from new technologies. They are also able to innovate and develop new products and services that meet the changing needs of their customers. This allows them to remain competitive and to grow their market share.
Business agility also allows companies to improve their internal processes and operations. Companies that are agile are able to streamline their processes and to make them more efficient. They are also better able to manage their resources and to make the most of their talents and capabilities. This can lead to cost savings, improved productivity and higher profits.
Moreover, companies that possess business agility are better able to manage risks. They can quickly identify and respond to potential risks, such as changes in customer demand or new competitors entering the market. They can also develop contingencies and plans to mitigate these risks. This helps to ensure the long-term stability and success of the company.
However, achieving business agility is not an easy task. It requires a culture of continuous improvement, and a willingness to embrace change and experimentation. It also requires strong leadership, effective communication and a collaborative approach across all departments and levels of the organization. In addition, it requires the implementation of agile methodologies and the use of technology to support the process.
In conclusion, business agility is a vital aspect of business success in today’s fast-paced and ever-changing business environment. Companies that possess a high degree of business agility are better able to respond quickly to changes in the market, take advantage of new opportunities, improve internal processes, and manage risks. Achieving business agility requires a culture of continuous improvement, strong leadership, effective communication, agile methodologies and technology. Companies that are able to develop and maintain a high degree of business agility will be well positioned to remain competitive and to achieve long-term success.
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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The Importance of Business Agility for Companies
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