Seattle, WA, July 18, 2014 --(PR.com
)-- A new study from the Institute for Corporate Productivity (i4cp) outlines four key recommendations for strengthening organizational agility, including confirmation that celebrating failure and rewarding risk is a hallmark of high-performance organizations.
The demise of companies that once dominated the market, including Polaroid, Blockbuster, and Borders Books, is a clear indication that organizational agility - the ability to anticipate, adapt to, and act on change - is a critical component of sustained market performance. An emerging faction of global firms are embracing agility and realizing substantial financial benefits as a result.
i4cp, a human capital research organization that discovers the people practices that drive high performance, has released The Secret Formula for Organizational Agility. The study explores the practices that distinguish highly agile companies from low-performers and features, among others, insights from:
- Royal Dutch Shell
The study found that two-thirds of all survey respondents reported experiencing disruptive changes at their organizations within the past two years—highlighting the turbulent nature of the business environment. Additional findings include the facts that high-performance organizations are:
- 6.5 times more likely to respond to environmental changes quickly;
- 3 times more likely to adapt to those changes;
- And, 4.5 times more likely to take advantage of the changes.
Organizational evolution is not a one-time—or even periodic—event and requires ongoing effort. To that effect, the recommendations in the study offer actionable steps to positively affect organizational agility, and market performance.
The full study—and complete list of recommendations—is available exclusively to i4cp members; a summary version can be downloaded at go.i4cp.com/orgagility2014.
About the Institute for Corporate Productivity
i4cp is a human capital research firm that discovers the people practices that drive high performance. Ranked among the fastest-growing companies on the Inc. 500|5000 list for three consecutive years, i4cp provides its extensive member network of leading global employers and government institutions with the research, peer collaboration, tools, and data essential to developing and executing workforce strategies and practices that deliver higher market performance. To learn about i4cp and i4cp's People-Profit Chain™, an empirical model to increase organizational performance up to 3x, go to i4cp.com/ppc.