10/27/2010

The Speed of Business

What has increased the speed of business, the Internet? of course, Social Networks? of course, Global Competition? of course, the Economy? of course, and the list goes on but these are a few key factors that have attributed to the current speed business is moving.

"In this age, the race really is to the swift. You cannot afford to be an hour late or a dollar short," Laura DiDio, principal analyst at ITIC, tells Goldman.

 Will businesses that move slow and steady be left behind by the current business speed?  The opportunity to capitalize an opportunities will go to the one that can not only move quick, but move quickly with precision (or as close to it as possible).  Businesses that have multiple layers of political or bureaucratic approval processes will struggle to act on vast moving surges of businesses opportunities.

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