AGILITY IN BUSINESS PRACTICE FOR SUSTAINABILITY-EXAMINING COMPONENTS COMMONALITY

Abstract

Constantly changing present era is thoroughly uncertain, complex and challenging in nature. The present unstable and turbulent business environment is very difficult to assume and take action accordingly. An agile organization with proactive thinking and decision-making can help the organization survive and operate successfully. Likewise, sustainable business practice leads to healthier corporate culture and long-term profitability. The components that encourage organizational agility logically leads to sustainable business practice and vice versa. The innovative approaches of an agile organization to maximize the utilization of resources like motion, fuel, power etc., boosts the sustainable practice within the organization. Agility enables an organization to become responsive towards both internal and external changes and empowers the business entity to implement innovative, cost-effective and green technology, which are the elementary parts of sustainability.