Why Big Business Is Slow?
Organizational speed is the outcome derived from purposeful internal actions and common-sense policies. Everything is getting faster than ever before, including computers, cars, trains, airplanes, communication, and even Olympic athletes’ performances. Competition is no longer generated in China, Germany, or India.
Today’s most serious competition is generated by two guys working insane hours in their garage in a startup venture leveraging a variety of technological platforms that will devastate an entire industry and render many legacy companies obsolete within few years. Within the span of fewer than eighteen months, YouTube went from a startup funded by Chad Hurley’s credit cards to being sold to Google for $1.4 billion.
As of this writing, Uber was valued at more than $72 billion, more than forty times its value a few years ago. Groupon leaped from conception to $2.4 billion. Usage of technological advents and the speed of market evolution has fostered the right environment for an expansion of a new breed of organizations that are scaling at a record level, attracting investors and customers, and generating market value at a pace never conceived even possible few years ago.
Companies that relied in the past on size and longevity are no longer shielded from newer startups that are scalable, fast-moving, and use smart, modern systems that allow…
