One of the key factors in companies that begin to decline is becoming complacent. Complacency occurs when companies believe they found a certain formula for success. While it is a good sign to develop processes to be successful, there truly is no magic formula that leads to consistently high performance and financial success. Instead, the companies that are able to consistently produce results understand the importance of being agile.
Here are 4 facets of business that successful companies maintain agility within:
Without having some level of agility, a company may be unable to realize potential growth. Read the full writeup on Entrepreneur for more details.