The-definition.com

Definition

Speed-based Strategies

Speed-based Strategies, or rapid responses to customer requests or market and technological changes, have become a major source of competitive advantage for numerous firms in today’s intensely competitive global economy.Business strategies built around functional capabilities and activities that allow the company to meet customer needs directly or indirectly more rapidly than its main competitors.

Share it:  Cite

More from this Section

  • Groupthink
    Groupthink is a phenomenon in which a group exerts extensive pressure on an individual ...
  • Industry Environment
    The general conditions for competition that influence all businesses that provide similar ...
  • Breakthrough innovation
    An innovation in a product, process, technology, or the cost associated with it that represents ...
  • Horizontal Integration
    A grand strategy based on growth through the acquisition of similar firms operating at ...
  • Process production
    Process production is the production of items in continuous process. ...