Agile methodology has been around for quite sometime now. Most software engineering teams have found it to be efficient, time-saving, as teams are able to work within the short development cycles to achieve faster time to market. You can redefine your goals, redesign the system architecture, accept end-user rapidly changing requirements and innovate whenever you want.
You can read the entire Agile Manifesto and its principles here.
I found several books which are quite helpful in implementing agile in real world.
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