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Fast Company
"It's not the big
that eat the small... it's the fast that eat the
slow." ~
Jason Jennings and Laurence Haughton
Move with Speed
Spot and Pursue Opportunities Faster than Your
Competition |
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"The world is changing very
fast. Big will not beat small
anymore. It will be the fast
beating the slow."
~
Rupert Murdoch
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One minute
can decide the outcome of the battle,
one hour – the outcome of the campaign,
and one day – the fate of the country. |
Alexander Suvorov |
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Speed is everything. It is the
indispensable ingredient of competitiveness. If you're not fast you
can't win. |
Jack Welch
GE |
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Achieving and maintaining high
speed is the key to success
In
today’s economic climate, where
everything is accelerating,
companies are expected to do
more, faster, and with fewer
resources. To achieve genuine
acceleration, decisions at
virtually every level must be
made in a matter of minutes
– on the fly
– rather than over the
course of days or weeks.
Cumbersome bureaucratic
processes must be kept to a
minimum. For companies to
survive in such a constantly
shifting environment, their
people must be able to quickly
assess situations, anticipate
future developments, and make
decisions promptly.
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"The operative assumption today
is that someone, somewhere, has
a
better idea; and the
operative compulsion is to find
out who has that better idea,
learn it and put into action –
fast."
~
Jack Welch
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The Art of War: Planning
an Attack
By: Sun Tzu
You must move as quickly as the
wind.
The value of time, that is of
being a little ahead of your
opponent, often provides greater
advantage than superior numbers
or greater resources.
Though I have heard of
successful military operations
that were clumsy but swift,
cleverness has never been seen
associated with long delays.
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"Once the information is in the
40 to 70 range, go with your
gut. Don't wait until you have
enough facts to be 100% sure,
because by then it is almost
always too late."
~
Colin Powell
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Moving with Speed: the Four
Components
Jason Jennings and Laurence
Haughton in their book
It's not the big that eat the
small... it's the fast that eat
the slow describe the
following four characteristic
features of fast-moving
companies
Fast thinking:
anticipating the future,
spotting trends before others, challenging assumptions, and
creating a
corporate environment where the best idea
– regardless of
origin – wins.
Fast decision-making: establishing corporate
guiding principles,
blowing off stifling
bureaucratic structures, shuffling portfolios,
constantly reassessing everything,
and matching the decision to the consequence.
Fast to market: getting to the market faster through removing
in-built speed-breakers, abandoning traditional visions and missions
and launching a
crusade instead, owning and
exploiting your
competitive advantage, getting vendors and suppliers
operating on your timetable,
staying beneath the radar, and building
virtuous circles of speed.
Sustaining speed: maintaining velocity through
working
on your business, injecting the
relentless growth attitude into the
firm, being ruthless with resources, building a scoreboard that measures
activity, staying financially flexible, proving the math,
institutionalizing innovation, and
staying close to the customer. |
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12 Lessons from Steve Jobs
Strive to become a
market leader. Own and
control the primary technology
in everything you do. If there's
a better technology available,
use it no matter if anyone else
is not using it. Be the first,
and make it an industry
standard...
More
→
7 Market-Leadership Lessons
from Steve Jobs
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Own Your Competitive Advantage
Focus on your core competencies
and outsource the rest. Make
sure that you don't outsource
your competitive advantage,
however. You will never lead in
innovation or be faster to
market than your competition if
you depend on other for your
core technology.
Owning your competitive
advantage will allow you to
build it continuously, be more
flexible, and eliminate speed
breakers...
More
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