Enablers to agility
The following factors related to governance can significantly help enterprises to enhance agility.
Value-driven prioritization
The fast pace of change is creating pressure on enterprises to create new offerings, take them to the market as quickly as possible and keep enhancing them continuously. Due to this, most enterprises are in a situation where there are many initiatives that the organization would like to do, but there are constraints around people and monetary resources that they are able to allocate to these initiatives. Many enterprises make the mistake of treating all initiatives as equally important.
As Patrick Lencioni, the author of the book, The Five Dysfunctions of a Team has aptly said:
"If everything is important, then nothing is." [iv]
Lack of prioritization, that is, everything is treated as important, leads to fights among initiative sponsors for getting the people and money for their respective initiatives, which often leads to the more critical initiatives...
