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Fintech, DeFi, Blockchain, Web3 Daily News by Finyear

Why agility pays

New research shows that the trick for companies is to combine speed with stability.


Over the past decade, we’ve studied the impact of a wide range of management practices on different dimensions of organizational health.1 This analysis, based on surveys of more than two million respondents at over 1,000 companies, has become a stable baseline for understanding the incremental contributions of specific organizational and leadership characteristics to the health, positive and negative, of the companies in our sample.

We’ve long inquired into the processes and structures that reinforce organizational stability. But from November 2013 to October 2014, we added questions, for the first time, on speed and flexibility. Our goal was to discover how often leaders and managers moved quickly when challenged and how rapidly organizations adjusted to changes and to new ways of doing things...

More:
http://www.mckinsey.com/insights/organization/why_agility_pays

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