What does "agile management" refer to?

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Prepare for the Peregrine MBA Exam with comprehensive quizzes. Utilize flashcards and multiple choice questions, offering detailed hints and explanations. Enhance your knowledge and conquer your exam!

Agile management refers to a project management approach that emphasizes flexibility and customer satisfaction. This methodology is centered around iterative processes, where projects are completed in small, manageable segments known as sprints. The agile approach allows teams to adapt to changing requirements and feedback promptly, ensuring that the final product aligns closely with customer needs and expectations.

One of the fundamental principles of agile management is that it welcomes changes, even late in the development process, which contrasts sharply with traditional project management methodologies that often adhere to strict plans and schedules. This adaptability not only enhances the relevance and quality of the end product but also fosters a collaborative environment where team members continually refine their work based on direct input from stakeholders and customers.

By prioritizing customer satisfaction and responsiveness to change, agile management enhances the overall effectiveness of project delivery in dynamic environments, making it particularly popular in industries like software development and other sectors where rapid innovation is essential.

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