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Monday, March 20, 2006

Speed Demons

A recent BusinessWeek article entitled Speed Demons, How smart companies are creating new products--and whole new businesses--almost overnight, really hits the nail on the head regarding the necessity of staying agile in today's business world. The following statement really hits close to home:

Everybody knows that bureaucracy means death to new ideas, yet most companies still insist on forcing innovative products and ventures through a gauntlet of presentations and reviews and refinements.

So true...

And...

Break your unwritten rules. Every company has them. They're those mental crutches that say this is the way we do it because this is the way we've always done it. For routine matters, that's fine. But not when you're trying to create something new, and quickly.

I'd take this even further and say that you need to be willing to break your written rules, especially when they are clearly not working. So many large corporations find this difficult or impossible to do either because of politics or just laziness.

Hopefully some of these small, agile companies can continue to innovate as long as they can buck the disturbing trend of quickly creating a product in order to be acquired by one of these not-so-agile companies.

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