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“We are putting a premium on speed,” said Jeff Immelt in his latest letter to the long-suffering shareholders of General Electric (GE).
Ginni Rometty, who is struggling to revive IBM, recently told the , “People ask, ‘Is there a silver bullet?
On Apple’s home turf in Silicon Valley the idea that things are continually speeding up is a commonplace.There are plausible reasons why the pace of business might be even faster this century than in the previous one.The regular doubling of processing power known as “Moore’s Law” has provided decades of exponential growth in computing power.And there is no obvious evidence that outsourced production overseas differs in this respect.At Hon Hai Precision, also known as Foxconn, which makes i Phones and other gizmos in China, things have gone the same way.
It whips through its inventories in four days and launches a new product every four weeks.