World Class Companies: Achieving Excellence in Manufacturing
What is the key to success for world-class companies?
a) Strategic agility and ability to turn on a dime
b) Motivating and treating employees like appreciating assets
c) Following a philosophy of lean manufacturing
d) Using ERP to integrate all company functions
Answer:
a) Strategic agility and ability to turn on a dime
World-class companies prioritize maintaining strategic agility and the ability to quickly adapt to changes in the market. This flexibility allows them to stay ahead of the competition and respond effectively to shifting consumer demands. World-class companies constantly evaluate and adjust their strategies to remain at the top of their industry.
By being agile, world-class companies can seize new opportunities and navigate challenges with ease. This enables them to stay innovative and competitive in the fast-paced global market.