Since the outbreak of the pandemic, companies across industries have been quickening their operations and decision making to cope with the ever-changing situation. Survey findings also corroborate that fast organisations that deploy speedy adjustment on strategic direction and implement tactical decisions accordingly tend to substantially outperform others in profitability, operational resilience and organisational growth.
When time goes by and the adrenaline from the initial crisis-response stage starts to diminish, it is important for companies to maintain or even gain a faster speed. Survey results from McKinsey show three ways executives are doing to gain speed:
- building faster decision-making mechanisms
- improving internal communication and collaboration
- increasing the use of technology
Read the full article here to learn about the evident benefits of integrating organisational speed into company's culture and core processes, so you can outperform others.