Never has this been more true than right now – organizations who want to survive the ever changing market conditions have to have the ability to change rapidly.
The tension between organizations optimized for predictability and the unpredictable world they inhabit has really reached a breaking point. Organizations built on ‘sense and respond’ instead of ‘plan and predict’ are the future.
But in todays worlds there are still many organizations who struggle to adapt to our fundamentally faster world.
For companies and professionals, it often feels like they have to make an ultimate choice: quality or speed. But speed does not have to result in bad work― and Formula 1 motor racing proves this.
Within the two weeks between races, they perform the enormous job of analyzing all data, designing and producing new components, shipping, assembling and testing. But how do they do that? And what can we learn from F1 in applying these lessons to our workplaces?