Things to Avoid While Practicing Organizational Agility

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Even though it’s no secret that small to medium-sized businesses often have vastly fewer resources in comparison to larger enterprises, prioritizing agility is just as critical for their survival. This is because, in today’s world, where a variety of unpleasant surprises can arise at any time, you must be well prepared to avoid becoming overwhelmed. Recent events, such as the pandemic, supply chain issues, war, inflation and The Great Resignation, serve as explicit indicators of why your SMB needs to be agile.

When the needs of your customers, employees, the market, the economy and other factors change, agile businesses can adapt quickly and keep working toward their business goals. To be agile, you must have systems in place that allow you to respond quickly to rapidly changing conditions and opportunities by preparing your people, processes and technologies.

However, agility doesn’t happen overnight. You will encounter setbacks that can make your agility journey a bumpy ride. Knowing that is the first step towards business agility.

Making the Case for SMB Agility

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The last two years have been a bumpy ride for organizations of all sizes globally. During this time, small and medium-sized businesses (SMBs) were hit the worst. Since most SMBs have limited cash and resources, setbacks were much more severe for them than for big corporations with more resources.

Irrespective of whether your company had to completely shut down during the COVID-19 lockdowns or whether it had to create a touchless customer experience or transition to a remote workforce overnight, you may have had so much more at stake than the average business.

Whether you’re facing a global pandemic or something as simple as shifting market conditions, if you want to survive and reach your business objectives, you must improve your organization’s speed, adaptability and innovation. To do that, an SMB like yours requires even more business agility.

What is Organizational Agility?

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It’s hard to predict the future. Just think of all that has happened in the world in the last two years. From the COVID-19 pandemic to supply chain issues to inflation and war, no one could have predicted these events early enough to be adequately prepared.

These challenges make it more difficult for companies to succeed and achieve their long-term objectives.

When the needs of your employees, customers and the market change suddenly, you must be ready to make the necessary shift. Proactive small and medium-sized businesses (SMBs) can achieve this by practicing organizational agility.

Common Scalability Mistakes SMBs Make

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Most small and medium-sized businesses (SMBs) are stretched for time and resources, due to which they may end up rushing through process implementations, technology upgrades and new hire training. Inevitably, this results in botched executions and a foundation that doesn’t support sustainable scalability.

Sustainable scaling allows you to scale up or down as needed and considers your people, processes and technologies. This is important for the future of your business because it prepares you to deal with unexpected changes. However, before embarking on the path to sustainable scalability, you should be aware of the most common mistakes to avoid.

Top Technologies for Scalability

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Rushing through process implementations, technology upgrades and new hire training can cause botched executions and unnecessary confusion. That’s why businesses must pursue a sustainable strategy that allows them to grow smarter, not just faster. Sustainability in business is all about being repeatable, adaptable and capable of scaling up and down as needed.

Sustainable scaling requires you to consider your people, processes, and technologies. Having the right technology on your side can help you scale your business up or down with ease as well as empower people and processes. But what technology should you consider introducing to your infrastructure to encourage flexible scaling? Keep reading to find out.

Positioning Your Business to Scale

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Businesses operate in a hostile environment where the only constant is “change”. Customer demands changing rapidly, new technologies transforming the business landscape, and regulations continue to be passed regularly making the modern business environment a struggle to navigate alone. How do you keep up? How does your business adapt quickly to the virtual jungle before being eaten alive?

Executives need to make decisions to counter the incoming barrage of issues, but quick decisions can sometimes become your downfall if customer and employee growth are not considered as well. Changes in processes without proper vetting, rapidly hiring personnel while rushing onboard training, and attempting hurried upgrades in infrastructure, could result in flawed implementations or massive confusion.

What is a Sustainable Business?

Sprouts growing larger toward lighbulb

Being a sustainable business means more than just recycling and using renewable energy. It means laying the groundwork for future employee and customer growth. An organization with sustainability as one of its core principles has a better chance of success in the future.

Operational and Data Integrity Risks of Internet of Things (IoT) for Small and Medium Businesses (SMBs)

The continued rise in the number of Internet of Things (IoT) connected devices has brought about a host of security challenges for many businesses. As manufacturers compete in a race to bring their IoT devices to market, most fail to include even the most basic security controls necessary to protect the networks these devices connect to or the data they collect or transmit. This leaves businesses of all industries extremely vulnerable to a variety of security risks and cyberthreats.

Prioritize Compliance for Your Business

One of the many challenges you probably face as a business owner is dealing with the vague requirements present in HIPAA and PCI-DSS legislation. Due to the unclear regulatory messaging, “assuming” rather than “knowing” can land your organization in hot water with regulators.

The Health and Human Services (HSS) Office for Civil Rights receives over 1,000 complaints and notifications of HIPAA violations every year.1 When it comes to PCI-DSS, close to 70% of businesses are non-compliant.2 While you might assume it’s okay if your business does not comply with HIPAA or PCI-DSS since many other companies are non-compliant as well, we can assure you it’s not. Keep in mind that being non-compliant puts you and your business at risk of being audited and fined.

How to Adopt Zero Trust Security for Your SMB

With the cyberthreat landscape getting more complicated with every passing minute, cybersecurity deserves more attention than ever before. You can no longer put all your faith and trust in applications, interfaces, networks, devices, traffic and users. Misjudging and misplacing your trust in a devious entity can lead to severe breaches that can damage your business. Zero Trust Security practices, however, can go a long way towards helping small and medium-sized businesses (SMBs) minimize cybersecurity risks and prevent data breaches.