Corporate Agility: A Conceptual Framework

This study examines organizational agility, which refers to the speed with which firms adapt to changes in their internal and external environments, and discusses the potential role of governance in promoting or hindering organizational agility. Agility refers to the ability of organizations to perceive and anticipate current changes in the business environment. The importance of agility in a competitive environment is widely accepted today. While traditional policies and strategic plans of enterprises performed well in the stable environment of the post-war years, the current volatile environment has made a new policy approach almost necessary. This article emphasizes how organizations can be agile in this new environment. In order to answer the questions about how organizations can successfully cope in an unpredictable and constantly changing competitive environment, the main purpose of the present study is to present the definition and conceptual framework of the concept of organizational agility, which discusses capability, flexibility, agility and speed, to explain the importance of organizational agility and to examine the methods used to achieve agility. In this context, the study attempts to explain the concept of organizational agility as a result of the literature review. The main finding is that organizational agility is important for the success of organizations and that it has become mandatory for organizations to understand and act on the elements of organizational agility in order to sustain their existence in the intensely competitive environment brought by the developing world. Despite the lack of application, which is considered as one of the limitations of the study, the research fills an important gap in the literature and guides those who will be interested in these issues with subsequent studies.