Discuss the concept of "Agile Management" in contemporary business practices. Explain the fundamental principles underlying Agile Management and how it differs from traditional management approaches. Analyze the significance of Agile methodologies in enhancing organizational adaptability, innovation, and responsiveness to change. Additionally, elucidate the challenges organizations might face when transitioning to Agile frameworks and propose strategies to effectively implement Agile Management within a business environment.

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Agile Management in Contemporary Business Practices Concept of Agile Management Agile Management is an iterative and flexible approach to project management and organizational leadership that prioriti... View the full answer