‘TACHYON’
IN BUSINESS
Tachyon is a hypothetical particle that always travels faster than light.This is a presentation on why agility/speed is important for businesses.
The Need for Speed
in Business
The current business environment is characterized by time-based competition. Embracing speed in critical business processes contributes to improved performance. Understanding how to fulfill customer needs faster than their competitors pays real dividends on all fronts.
The GROW Model
- Agile employees apply the GROW Model to help their organizations move forward.
- The GROW Model is the brainchild of Sir John Whitmore in the 1980s. It focuses on four action steps: Goal, Reality, Options, and Will.
Goal
what's your goal?
will
what will you do now?
Options
what are your options for moving forward?
Reality
what is your current situation?
- Agile employees help their colleagues understand exactly what they are going to accomplish right now.
- A good way to establish a goal is to ask a question like ‘what do you want to accomplish when you enter the office that you have not accomplished all week?’
- After the goal has been established, agile employees help their colleagues focus on specific facts.
- The reality can be established using the what questions since such questions demand people to explore facts.
- For example, a what question may be ‘what are the resources available to accomplish incomplete work?’
- Agile employees help their colleagues consider the will questions critical in achieving desired outcomes. ‘What will you do today?’ This question encourages others to define a specific action plan for a particular task.
- Also, this involves asking employees about their will to act. ‘How likely will you complete the assigned task today?’ This question will help develop a strong desire for the task ahead.
Speed is Everything
So far, this presentation has focused on speed/agility and why it is important for businesses.
That’s an essential first step, but learning how to be quick requires more than the GROW Model.
You need to embrace the Dharma and build leadership skills. Continuous learning builds responsibility and self-discipline.
You should regularly plant the seeds and remove the weeds since the mind is a garden.
Incorporating Speed in Business Operations
In seeking speed in strategic implementation, three elements emerge- partnering, technology, and decision making.
Use Partnership for Speed
- groups and diversity of religions- the same idea can be applied to businesses that want to incorporate speed on all fronts.
- Here, leaders should recognize the plurality of businesses and form partnerships with them.
- The partnerships will enhance a firm’s ability to move quickly by working together to identify secrets for offsetting challenges in the operating environment.
Use Technology to Accelerate Feedback
- Athletes consider technologies such as Nike Run Club App as powerful opportunities to reduce latencies in their training and performance.
- Similarly, business leaders should view technologies as valuable allies that will help them reduce delays that occur between the period a trend shapes the marketplace and the time needed to respond.
- Gaining fast and real-time market information can
help business leaders turn challenges into strategic gains.
Accelerate Decision Making
- The Army’s 82nd Airborne Division can be deployed rapidly with just 18 hours’ notice and thus requires soldiers and their officers to make quick decisions when conducting forcible entry parachute assaults
- Quickly making strategic choices is a prerequisite for experiencing a host of benefits to personal and professional life.
