Why companies still need to invest in people, according to a Columbia business professor

Innovation at speed is essential for companies in a world where VUCA—volatility, uncertainty, complexity, and ambiguity—defines their competitive landscape, driving rapid organizational change.

To thrive in a continuously evolving market, organizations must adopt a flat structure that empowers cross-functional teams to take ownership of product delivery and innovation.

Transitioning to an agile organization requires a significant cultural shift from traditional hierarchical structures to one that values experimentation, autonomy, and quick adaptation to market changes.

Organizations that fail to adapt their operational models and embrace agility risk obsolescence, losing competitive advantage to more nimble, responsive entrants in their industries.

Read at Fast Company