Adaptability

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Definition

The ability to adjust to changes in circumstances, expectations, or environments. In a business context, adaptability is the ability to respond quickly and effectively to changing market conditions, customer needs, and technological innovations.

Adaptability can manifest in various forms, including: flexibility in work style and approach, agility in responding to changing conditions, resilience in the face of adversity or setbacks, and creativity and innovation in developing new products, services, or processes. 

Why does it matter

In today's fast-paced business environment, adaptability is a critical skill for success. Companies that are able to adapt quickly and effectively to changing conditions are better positioned to remain competitive and seize new opportunities. Individuals who possess adaptability as a skill are highly valued by employers as they can demonstrate the ability to cope with change, learn new things quickly, and embrace new challenges.

Examples and situations
How to develop it