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Fast Thinking Understanding the Primary Drivers of Change and Spotting Opportunities |
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By Vadim Kotelnikov, Founder, Ten3 BUSINESS e-COACH, 1000ventures.com
"In the new economy, there are only two kinds of companies: THE QUICK and THE DEAD."
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How To Think Faster Than Your Competition To be able to think fast, you need to "understand the primary drivers of change, work at staying plugged in, constantly search for new combinations, and work on developing a sense of heightened perception."1 The fastest companies in the world think fast because of their ability to:
Idea Management The difference between success or failure in business could be just one idea. Idea management system and process can help your company make innovation a discipline. They can help make the hunt for new possibilities each and every department's business, as well as involve broader and more enthusiastic participation among managers and employees... More
Ask Searching Questions Don't ask one or two questions and then rush straight towards a solution. With an incomplete understanding of the problem it is very easy to jump to wrong conclusions. Ask open-ended searching questions that elicit a wide rage of answers:
Case in Point Lessons from Jack Welch To Jack Welch, the legendary former CEO of General Electric, new ideas are the lifeblood of business. "The operative assumption today is that someone, somewhere, has a better idea; and the operative compulsion is to find out who has that better idea, learn it, and put it into action – fast."
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Bibliography:
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"It's Not the Big that Eat the Small... It's the Fast that Eat the Slow", Jason Jennings and Laurence Haughton, 2000
