Adaptability refers to the ability of individuals or organizations to adjust to new conditions, changes, or challenges in their environment. It is a crucial component of effective change management, as it enables teams to navigate transitions smoothly and maintain productivity.

Characteristics:
- **Flexibility**: The willingness to change plans or approaches when necessary.
- **Open-mindedness**: Being receptive to new ideas and different perspectives.
- **Resilience**: The capacity to recover quickly from difficulties or setbacks.
- **Proactiveness**: Anticipating changes and preparing for them in advance.

Examples:
- **Workplace Adaptability**: An employee who learns new software quickly when the company implements a new system demonstrates adaptability.
- **Organizational Adaptability**: A business that shifts its marketing strategy in response to changing consumer preferences shows adaptability in its operations.
- **Personal Adaptability**: An individual who adjusts their daily routine to accommodate a new family member or a change in their living situation exemplifies adaptability in personal life.