A dynamic business is an organization that operates at the speed of thought. They constantly anticipate and capitalize three “Cs” (i.e., change, complexity and chaos) for unfair competitive advantage. Accuracy, agility and adaptability are the defining attributes of such an organization.
What separates a dynamic business from many enterprises that pursue this same goal is how well they coordinate people, processes and systems toward a common strategic objective. In accomplishing this level of enterprise-wide competitiveness, accuracy, agility and adaptability become the catalyst of their growth, which also serves to give their businesses the ability to simplify complexity and capitalize—not by harm, but by change.
This is what a dynamic business can accomplish. It interlinks the procedures that formulate a business, providing the necessary insight to make better business decisions under rapidly changing conditions.
The Three Attributes of a Dynamic Business
We live in a world that is highly volatile, uncertain and complex. Dynamic businesses drive and thrive in this environment having inherent flexibility to change their operations with changing market needs. This allows a business to maintain the flexibility to change plans on a regular basis without compromising time or profits, improving overall accuracy.
It is becoming increasingly critical for a business to infer meaningful insights from generated data in order to form decisive actions as quick as possible. According to IBM representatives, “90% of the world’s data was generated in the last two years and 80% of that data is unstructured—data in the form of presentation files, email, audio and video files. Due to these trends, enterprises are looking for a public object storage offering that meets their unique requirements of security, visibility and control.”
Traditional businesses can weave dynamic business practices seamlessly into their daily operations. A dynamic business can then evolve with the existing company in order to help that company operate at top-level efficiency in this modern era. This can lead to cost-effective procedures and increased sales growth. It can then prevent potential problems and lead to previously unforeseen opportunities, allowing companies to take swift dynamic action to better adapt a previous business plan into a logical advantage.
As people place an increasing demand for sharper accuracy, agility and better adaptability in business processes, it is critical that a business can rise to meet those demands.
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