We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.

What is Business Flexibility?

Malcolm Tatum
Updated May 16, 2024
Our promise to you
SmartCapitalMind is dedicated to creating trustworthy, high-quality content that always prioritizes transparency, integrity, and inclusivity above all else. Our ensure that our content creation and review process includes rigorous fact-checking, evidence-based, and continual updates to ensure accuracy and reliability.

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

Editorial Standards

At SmartCapitalMind, we are committed to creating content that you can trust. Our editorial process is designed to ensure that every piece of content we publish is accurate, reliable, and informative.

Our team of experienced writers and editors follows a strict set of guidelines to ensure the highest quality content. We conduct thorough research, fact-check all information, and rely on credible sources to back up our claims. Our content is reviewed by subject-matter experts to ensure accuracy and clarity.

We believe in transparency and maintain editorial independence from our advertisers. Our team does not receive direct compensation from advertisers, allowing us to create unbiased content that prioritizes your interests.

Sometimes referred to as business agility, business flexibility has to do with the ability of a company to adapt to changing circumstances and thus remain a profitable enterprise. A business that is able to anticipate changes in consumer preferences and alter production to meet those new expectations has a much better possibility of continuing over the long term. For this reason, including a measurement of flexibility within the company operation is often considered key to assessing the strength of the business, and thus arriving at an accurate understanding of the potential for business endurance.

When evaluating business flexibility, the idea is to look closely at all the activities involved in the business operation. This usually begins with the ordering of raw materials for the production of various products. Quality standards are set for those materials, thus providing the basis for the quality of the finished goods that the company eventually sells. Many companies make it a point to always be aware of other sources for raw materials that meet those standards, thus minimizing the possibility of an interruption in production due to a lack of the materials needed.

Business flexibility also requires looking closely at the production line itself. The equipment is routinely evaluated for efficiency. When any of the machines or other equipment that is crucial to the process wears out or becomes obsolete, it is usually replaced as soon as possible. Depending on the type of goods produced, the business may require that the production line be able to adapt to meet short-runs of customized products in order to meet a demand by one or more large customers.

The use of business resources in general is also important to assessing the degree of business flexibility that is current present. Along with materials and production equipment, the use of labor and the investment of profits also have an impact on the ability of the business to remain viable in the face of change. By periodically evaluating these and other factors, a company can more accurately project how to operate in the future, when to make changes, and how to make them so that the operation as a whole receives the greatest degree of benefit.

Companies of all sizes engage in the evaluation of business flexibility. While some feel that small businesses have an easier time of assessing the degree of flexibility present, that is not always the case. Large corporations are just as capable of determining what they need to do in order to accurately predict changes in the marketplace, and how to go about preparing for those changes.

SmartCapitalMind is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
Malcolm Tatum
By Malcolm Tatum
Malcolm Tatum, a former teleconferencing industry professional, followed his passion for trivia, research, and writing to become a full-time freelance writer. He has contributed articles to a variety of print and online publications, including SmartCapitalMind, and his work has also been featured in poetry collections, devotional anthologies, and newspapers. When not writing, Malcolm enjoys collecting vinyl records, following minor league baseball, and cycling.
Discussion Comments
By ImDeity — On Mar 17, 2014

Being flexible is crucial, especially in this technology-driven time. There are so many products, tangible or intangible, that if you can't keep up with the ever-changing marketplace, you'll just get lost in the shuffle.

Malcolm Tatum
Malcolm Tatum
Malcolm Tatum, a former teleconferencing industry professional, followed his passion for trivia, research, and writing...
Learn more
SmartCapitalMind, in your inbox

Our latest articles, guides, and more, delivered daily.

SmartCapitalMind, in your inbox

Our latest articles, guides, and more, delivered daily.