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Home > QFINANCE Dictionary > Definition of agility

Definition of

agility

General Management

ability to quickly respond and adapt to change the organizational capability to be flexible, responsive, adaptive, and show initiative in times of change and uncertainty. Agility has origins in manufacturing and has been cited as a source of competitive advantage by many management gurus. For others, the key to agility lies in what the organization is, as opposed to what it does. Agility grew as a reaction against the slowness of bureaucratic organizations to respond to changing market conditions. The virtual organization has been quoted as one extreme example of an agile organization.

Definitions of ’agility’ and meaning of ’agility’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’agility’ and other financial terms with our online QFINANCE Financial Dictionary.

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