One of the key tenets of my book, Ready, Set, Done — How to Innovate When Faster is the New Fast,is that organizational “agility” is a fundamental cornerstone for future success.
It doesn’t matter who you are or what you do — fast defines success.
A few years ago, I spent time with management of a big car company. I don’t think they got the concept.
Then there’s Honda. Read this story about one of their Canadian plants — and ponder on this sentence:
“Honda’s assembly lines can switch models in as little as 10 days, spokesman Sakae Uruma said. By contrast, it could take months for most rivals to make the same change.“
While certain sectors of the auto economy are in turmoil, others are in growth mode. One of the defining reasons being, they’ve structured themselves to act and change quickly. As big truck sales plummet, fast movers like these pick up the slack.
There’s some very important food for thought here. Faster is the new fast.