Economists and management scholars will be studying the past months for many years to come. No doubt, their conclusions will change forever the way we do business. However, one lesson is already clear: Flexibility is key to the success of any organization.
What Is Flexibility? What Are Its Benefits?
First off, let’s get a working definition of flexibility.
From the standpoint of a company, flexibility is defined as an organization’s ability to respond quickly to unpredictable circumstances, be it a pandemic, a new project, or a change in regulations.
Building flexibility into your organization increases employee retention by allowing your team to create a more balanced work-life experience. At the same time, flexibility makes it easy for your company to pivot and meet new challenges.
Rigid structures often stifle innovative thinking and slow response capabilities down to a slog. That’s why any organization must be flexible in order to succeed.
How to Increase the Flexibility of Your Organization?
Our recent experiences have made it abundantly clear that companies should look for ways to make their organizations more flexible. Here are some steps that can help you create a more flexible business.
- Learn what technologies may allow you to be more flexible.
- When possible, be flexible with work hours.
- “Flatten” hierarchies to reduce reporting lines.
- Cross-train your employees so that they know at least the basics of positions other than their own.
More Tips and Ideas
Read these previous posts for more business tips that cover every aspect of the management of your organization, from communication to online security.
- What to do if you receive a phishing email
- 3 Ideas to beat Zoom fatigue
- How to write better emails when you work remotely
- How to help your team deal with burnout
- Cat filters and other fun Zoom tricks
About the Greater Riverside Hispanic Chamber of Commerce
At the Greater Riverside Hispanic Chamber of Commerce (GRHCC), our core mission is supporting small businesses and economic development with advocacy, business referrals, marketing opportunities, training programs, student internships, and scholarships.