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With AI capabilities doubling in a matter of months, agility is no longer a competitive advantage for business leaders\u2014it\u2019s now become a survival skill.<\/p>\n
\u201cThe entire order of companies and the way in which they deliver value and the entire business models that they have been built on for the last few decades or longer are being rewritten in front of us,\u201d Peter Smart, chief experience officer and managing partner of product design firm Fantasy, said during a discussion at the Fast Company Grill at SXSW<\/a>. \u201cThe new agility is coherence: Can you create the conditions by which it’s very clear what we do, what the value is that we produce, and how we’re going to get there?\u201d<\/p>\n Those companies that are very rooted on a clear mission and purpose are best-prepared to navigate ground that\u2019s constantly shifting, added Prashanth Chandrasekar, CEO of Stack Overflow, the question-and-answer site. Navigating such change requires a mentality shift by leaders embodied by a constant learner mindset and being flexible in their point of view, he said.<\/p>\n \u201cYou have to be sort-of in the trenches with your folks,\u201d Chandrasekar said. \u201cIf you’re not going to embrace doing things differently and being adaptive, then you’re going to be very much in trouble.\u201d<\/p>\n One practical thing that companies can do is to change the incentive structure to reward experimentation and testing, said Sam Jordan, head of computing and technology at Future Today Strategy Group. But leaders must also recognize that when things feel \u201creally chaotic,\u201d it usually means something more fundamental is changing, she noted.<\/p>\n “You have to get really, really disciplined about asking: What is actually changing, what is the thing that’s actually shifting?\u201d Jordan said. \u201cDo not forgo judgment for efficiency.\u201d<\/p>\n