Speed in Business
To stay competitive and to continue to produce profits, corporations are shortening most processes, products, and services—everything in sight. They have shortened product life cycles and aim to introduce products quicker than their competitors. Manufacturers are striving to lower costs and increase market share by implementing just-in-time inventory control. Faster product development is essential, for speed kills the competition. In the automobile industry, new cars took used to take years to get to the marketplace—now they take months. When a customer orders a new car, instead of weeks, it is delivered in days. In the semiconductor industry, chips are produced and manufactured, then delivered in days.
Other corporate examples ...
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