Agility in Business: Emerging CART Dimensions

Abstract

Agility in business is broadly a work management methodology within the Scrum framework that requires teams to adapt to the collaborative work environment with focus on 5T elements comprising task, target, time, thrust, and trust. Agile business practice functions with self-organizing skills for teams to carry out cross-functional activities in a repetitive pattern with continuous feedback. These activities are driven by temporal business planning (short-, medium-, and long-term planning). Implementation of agile business strategies varies by task, territory, and target for specific products and services. Previous studies argue that the response of the firms to co-creation and customer-driven opportunities depends on the intensity of competition and the degree of cannibalizing the business share by the competitive firms. This chapter discusses the new perspectives in agile businesses with a focus on Waterfall methodology, Kanban practices, participatory business appraisal, and rapid business appraisal. A synchronized approach to agility in business as CART comprising the convergence of concepts, applications, research, and transformation has also been discussed in this chapter along with social learning as an agile discipline.