What Fast-Moving Companies Do Differently

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Lack of speed has been troubling companies for decades. The difference is that, today, with everything moving so much faster, a lack of speed can mean more than just a few missed opportunities — it can put companies in a very precarious position, especially those in markets where they face competitors that can sense and respond far more quickly.

Slow-moving companies increasingly will find themselves fighting for relevance or, in some cases, pure survival — and leaders know it.

Companies that recognize the competitive advantage of speed do four things differently: 1) They rely on data ; 2) They empower localized decision-making; 3) They reward speed over perfection; and 4) They create powerful ecosystems around the seamless exchange of data.is co-head of the global strategic operations practice at Kearney. He is a recognized industry leader and subject matter expert on a wide range of operations topics, with an emphasis on end-to-end supply chains.

 

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