Published: February 16, 2010
Updated: February 16, 2010
Print
Email
Whether it’s GE or Motorola, in manufacturing, Wal-Mart or Home Depot in retailing, or Southwest Airlines in the service sector, thriving businesses and their employees are practicing ten key essentials. We call them the ten commandments of speed. They are:
1. Focus On The Customer – They sign everyone’s paycheck.
2. Get In Step With The Future – This is where opportunity lies.
3. Be An Innovator – In this era of rapid change, continuous improvement through innovation is king.
4. Do It With Quality – It lowers costs, increases speed, builds pride and improves customer loyalty.
5. Get Rapid, Accurate Feedback – Know what your customers, competitors, employees, suppliers and the market are doing. Ignorance can be fatal.
6. Ability Means Agility – Be flexible and quick to respond and adapt.
7. If It Doesn’t Add Value, Don’t Do It – Any job or activity that doesn’t add value is creating needless overhead. Don’t do it.
8. Build Teams Not Empires – Cross functional work teams make better faster decisions than bureaucracies.
9. Lifelong Learning Is Everybody’s Job – If you want to stay in business in a rapidly changing world, learn how to learn and keep learning.
10. Just Do It Now! – Set challenging deadlines that force that make yourself and others to use time in the most efficient and effective manner.
In business, speed is your trump card. It raises revenue, lowers costs, complements quality, overcomes competitors, customers love it and it’s absolutely necessary when growing your business to the next level. The most cost effective ways of implementing these strategies is to effectively leverage outsourcing, technology, automation and the internet.
From The Minds Of Wharton
Wharton Business Foundation
www.WhartonBusinessFoundation.com
(888)4-WHARTON (494-2786) ext.17
info@whartonbusinessfoundation.com
« Back
