Financial services – banking in particular – is a conservative industry and tends to react more slowly than others to change. But you don’t have to be on the bleeding edge to achieve the results that allow you to compete, thrive and succeed. You may decide to be a market leader, a fast follower, or a reactor. The key is to make a decision regarding which organization you will be, and then develop what we might call a “Speed Strategy” that aligns with your identity – thereby facilitating your ability to achieve results.
The following article: “4 Reasons Speed is Everything in Business” highlights the need for speed and why it’s important.
In your view, what is a more important factor in the speed of your business? Technology? Management support? Culture? Competitive forces? A mix? Leave your reply below: