Change: 45% Ready to Adapt
The strategy was ambitious. The goal was to double turnover within 5 years, with annual growth in the tens of millions. But there were whispers about the organization’s readiness to execute the leadership team’s new strategy.
Pitstop Analytics™ data left no room for complacency – on a 10-point agility scale, the score was a worrying 4.5. But it also revealed the levers (culture, structure, etc.) to greater agility and innovation.
In an industry characterized by accelerating change, agility was seen as key to competitiveness. The leadership team was determined to raise the agility score to 7.5 or above over a period of 10-12 months.
Data put organization agility at 45%
Here is a snapshot of the data showing how greater agility was fostered over a period of 12 months:
The need for greater agility and innovation was demonstrated by the level of volatility, uncertainty, complexity and ambiguity faced by the organization.
Data revealed high levels of strategy anxiety, with more than 2 out of 3 managers indicating that the organization wasn’t moving fast enough (strategic speed) or in the right direction (strategic velocity). These scores improved by up to 18% over a 6 month period.
Greater agility was underpinned by improvements to structure/design and behavioral dynamics, as well as a closer link between strategy and execution.
‘With storm clouds gathering over our industry it was clear that we were not ready…. that we risked being overtaken by change. Today, we are in a much better place to take advantage of the myriad of changes that are happening.
Chief Executive
Pitstop Analytics™ provides new insights to the following aspects of CHANGE & Innovation:
