24 Aug '11, 12pm

Executing with Strategic Speed

Executing with Strategic Speed

Achieving speed doesn't just mean being fast (image source ) You've heard of the saying "more haste less speed". Apparently, this is true not just in life but in management. Ed Boswell , former CEO of the Forum Corporation , shares in this clip from Harvard Business Review (HBR) that the most efficient firms pay attention to speed, pace themselves well, and take care of the people factor. By doing so, they can achieve up to 52% higher profit and 40% higher sales than the rest. Paying attention to speed doesn't mean going plunging ahead recklessly. Rather, it entails focusing on the following things: - Pace : ensuring that all factors in an organisation are aligned; - Taking care of the People Factor such that there is Clarity (everyone knows the "why"), Unity (everybody has bought into the process), and Agility (the ability to maneuvre quickly and nimbly). - Establishing c...

Full article: http://coolinsights.blogspot.com/2011/08/executing-with-s...

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