BUS-X 100 Study Guide - Final Guide: Golden Handcuffs, Government Procurement, Decision-Making
Document Summary
More change from 2005-2015 than from 1950-2005. There is a line of opportunity and risk. When the speed of change increases, the number of opportunities and risk also increases. There is a difference between being fast and feeling fast. The ability to change quickly is important for future ceo"s. Cost reduction is an internal thing and company would lose track of the outside world. The strongest competitors of the future are designed to change quickly. Prepping for the future business design: step 1. Establish true reality, how well does the organization stack up to other companies in the ability to change, innovate and grow: step 2. Focus/align the entire organization to a narrowly defined customer value added strategy: step 3. Involve/challenge entire organization to find solutions to the strategy execution: step 4. Engage and hold everyone accountable to execute the strategy: step 5. Share the gains and improve the value equation for all stakeholders.
