Why Agile Approach is Right For Your Business?

Anna Bondarchuk
Why Agile Approach is Right For Your Business?

I bet, you’ve heard a lot about Agile and all you’ve heard is confusing enough. 

Your friend introduced Scrum to his company and gained a lot of benefits, while your neighbor did exactly the same and got a pile of mess plus increased development expenses. Using the Agile approach is a world tendency covered by many rumours, contradictory experiences, and conjectures. But what if it is not just a tendency?

# Strategy
June 27, 2022

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Plenty of studies conducted all over the world show that the agile approach is far more successful than traditional ones, leading to faster time-to-market, improved quality, and increased customer satisfaction. 

There are many reasons why the Agile approach is right for your business. First, Agile is NOT a methodology; it is a mindset. It is a set of values and principles which can help you gain competitive advantages in the market you operate.

agile approach

The Agile Manifesto contains four fundamental values:

  • Individuals and interactions over processes and tools.

  • Working software over comprehensive documentation.

  • Customer collaboration over contract negotiation.

  • Responding to change over following a plan.

Of course, if you make those values and principles a part of your business journey. You will ask how? Let’s dive into the topic together.

Why use Agile Approach or Methodology Agile in Software Development?

1. Reduce Risks

Agile declares frequent software delivery, from a couple of weeks to a couple of months, with a preference for the shorter timescale. Let’s try to translate it into the business language. Imagine you have an idea of a product that will change the world. You are delighted by the future vision and decide to spend all your savings to introduce it to the market. You’re hiring a development team, and they start working. One year passed, and you’ve spent all your money and did not gain new. Finally, you and your team are ready to deliver your product to the actual customer, the person who is really meant to use it. And... it appears that it is not exactly what they need. Of course, the idea is viable, but only if you change the implementation a bit here and there. The agile approach allows us to gain this information before, you know, spending a year and a huge amount of money. How? - By early delivery and fast feedback from a real customer. 

The agile approach’s iterative nature enables quick feedback and constant adaptation to changing circumstances. This flexibility is intended to help organizations respond better to ever-changing business needs. By contrast, traditional approaches often leave little room for change once a project plan is in place. This is a radical change from conventional modes of development, which emphasize planning and predicting at the beginning of a project and delivery near the end.

2. Maximize the Amount of Work Not Done

When you work with Agile, you should keep in mind that the goal is not to make yourself busy. Or to load all the developers with the work. The end goal is not to do work just for the sake of doing work. The goal is to bring value to your customer and maximize it. So, if you don’t have valuable tasks to do right - ask the team, bring in some hypotheses to test, give yourself a few hours of rest - enhance creativity, focus on decreasing the feedback loop, and listen to your customer needs. You may be surprised by the outcomes!

3. Reduce Costs

Well, I will refer to the article's first example: create an MVP (minimum viable product), get early customer feedback, and you will not need to develop functionality nobody will ever use. This feedback is used to make changes and improve the final product before it hits the market. In addition, launching an MVP can help you generate some buzz and interest in your product before it goes live. Finally, you can save on development costs by only creating a few features. Worldwide statistics show that 65% of development work never goes to production. 65%, can you imagine? And it's only your choice how much real value you and your business will bring to the world. So if you're looking to reduce costs and increase your chances of success, creating an MVP should be at the top of your list.

agile approach

4. Diversity Increase Creativity

If you read Agile Manifesto attentively, you'll see that there is not just one statement about the team. It seems that the team is in each of them! It does not mean we care about the people that much, so we forget about business needs. It means that we use each team member's opinion and experience-both from a business and technical perspective. As our team members come from various backgrounds, each brings their unique skills and perspective to the table. By combining different viewpoints, we can get a well-rounded view of any situation. For example, the developer in your team might also be an actual customer of the product he or she develops. One of the developers might bring the idea of a feature that will make your product the top one in its niche. Agile enhance the opinion exchange and allows listening to each other. Try it!

Summing Up the Benefits of Using Agile Approach or Agile Project Management Methodology 

The project management agile approach will help you be more responsive to change, and collaborate with your team members better than ever before in order to achieve success as an organization - not just one person doing all of this work on their own (or even worse: behind someone else’s back), make sure that everything runs smoothly because everyone involved knows how important teamwork really should always stay when working towards something bigger than ourselves… And last, but definitely not least, the agile model in software engineering is based on continuous improvement. This means that your business will always be getting better and better, which will help you to maintain a competitive advantage. 

So if you're looking for a better way to do business, don't be afraid to be agile - use flexibility and creativity to anticipate future trends and needs and bring more value to your customers! And that will definitely reflect on your business!

Anna Bondarchuk - Scrum Master
Anna BondarchukScrum Master

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