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  • More Fortune 500 companies are going bankrupt or merging than ever in history (Source).
  • The median age of an S&P 500 top 10 company in 2018 was 52 years less than in 2000s – that is, 33 years, compared to 85 years. The prediction for 2027 is just 12 years (McKinsey).  
  • The speed of technological change is much faster now than ever (World Economic Forum).
  • We’re as interconnected as ever, and new geopolitical events pop up regularly, affecting us even if they’re happening far away. 
Topics covered in the blog

Sounds good? Let’s go.

What is Adaptability in Business?

7 Benefits of Adaptability at Work and Business

  1. Increased Performance. Employees with high adaptability achieve more. To be more precise, they are 2.5 times more likely to have higher performance and contribute more to organizational success (McKinsey)
  2. Higher Productivity: Highly adaptive, resilient workers are 45% more likely to report high levels of productivity compared to those with low resilience scores (ADP Global Workplace Study 2022).
  3. Higher Revenue. Companies that prioritize adaptability are 3.5 times more likely to outperform their peers in terms of revenue growth (Gartner)
  4. Improved Leadership. 71% of executives said that adaptability was the most important leadership quality in these times (Harvard Business Review)
  5. Outperforming Peers: Organizations that excel at adapting to change are 1.5 times more likely to outperform their industry peers (McKinsey & Company).
  6. Successful Reskilling: The World Economic Forum (WEF) reports that 50% of employees will need to be reskilled by 2025 due to rapid changes in technology and market demands, underscoring the need for adaptability.
  7. Innovation & Shareholder Returns: The most innovative companies, which often demonstrate high adaptability, produce greater shareholder returns and build resilience and competitive advantage (BCG’s 2023 global survey).

Examples of adaptability at work

3 examples of individual adaptability

    3 examples of adaptability in teams

    3 Examples of organizational adaptability 

    Wrapping the examples up – 

    How to measure adaptability? 

    So, how to measure adaptability, not leaving anything useful out?
    Our adaptability at work consists of 3 areas:
    • grit,
    • resilience,
    • mental flexibility,
    • unlearning, and
    • AQ mindset. 
    • Extroversion/Introversion,
    • Emotion Range,
    • Thinking style,
    • Hope, and
    • Motivation Style.
    • Work Stress levels,
    • Company Support,
    • Team Support,
    • Work environment, and
    • Emotional Health.

    What does measuring adaptability look like?

        The adaptability has been measured – now what? Understanding the results

        Important note

        • holistic, 
        • based on science, and 
        • gives space for the context

        How to Improve Adaptability?

        • Understand your situation and context
        • Name where you want to be and why
        • Set an action plan to get there
        • Do the plan.
        • a new mom, 
        • a professional athlete in their early 20s, or 
        • an office worker in their 40s. 
          • A new mom might want to get in good shape after birth to be an example.
          • A professional athlete might want to win a competition to reach new heights in their career.
          • An office worker might want to stay healthy and keep their energy levels high during the day.

          4. Do The Plan

          • Starting the day by reminding yourself of the plan and your why;
          • Regular, planned time alone to come back to the plan and reflect on the results and/or lessons learned on the go;
          • Regular team/group sessions to practice and/or train adaptability skills;
          • Having the ‘buddy system’ with a colleague or a friend, keeping each other accountable;
          • Putting the specific tasks from the plan into the calendar (and taking it as seriously as an important meeting, let’s say);
          • Hiring a professional.

          How to train adaptability skills?

          • You’d do an interactive exercise or a simulation;
          • Afterwards, you’d answer a couple of questions on what happened.
          • Then I’d explain how the exercise is connected to the skill you’re training.
          • Then, often we would connect the exercise with real life, the future goals, and how to use the principles from it there.
          • Hiring executive/transformational/developmental coaches;
          • Consulting with change management professionals for solving specific adaptability problems in teams and organizations;
          • Looking at some online or local options for workshops focused on specific aspects of adaptability.

          How to improve adaptability in teams and organizations

          6 Principles for More Adaptable Teams and Organizations

          • Start from the Top: Leading by example works better than asking teams to be adaptable, while leadership sits on the bench, just watching.
          • Foster Team Support: Creating an environment where employees feel supported and, thus, safe to voice ideas, take risks, and make mistakes pays off. It doesn’t mean no accountability; it means testing more, sharing more, and improving quicker because of that.
          • Empower People: Encouraging autonomy makes people more invested in their work and gives leaders more time to lead.
          • Make sure rigid process structures don’t stand in the way. If one needs a signature from 5 people to test a small thing, it will be hard to adapt even for the most adaptable genius.
          • Staying in the ‘healthy stress zone’. If your teams are too stressed for too long, you’ll get the worst of even your best people (and their resignation). Stress is necessary for growth, but it has its limits. Help employees and leaders stay in the healthy zone.

          Was there something missing?

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