What used to take months and years now happens in days and hours. TIME IS COMPRESSING.
That’s why, according to PwC’s 21st Global CEO Survey, “70% of US CEOs say pressure is increasing to deliver more in shorter timeframes.”
How fast do you need to move? The answer is FASTER THAN THE RATE OF CHANGE. As a famous CEO pointed out, “If the rate of change INSIDE an organization is less than the rate of change OUTSIDE, the end is in sight.”
Our former client, Motorola, had a practical way to measure the external versus internal rates of change.
To determine the EXTERNAL rate of change, they had four indicators:
- The speed of competitors’ moves
- The change in consumer demand
- The change in customer needs
- The change in technology
They measured the internal rate of change by looking at:
- Leadership capability
- Strategic response time
- Organizational readiness to adapt
Thanks for exploring this GEO Leadership Action.
What are your key Takeaways?
I’ll look forward to your comments.
Founder / CEO
GEO Group Strategic Services