Why Are We Hooked on Speed?

Speed Is not an Intelligent Business Strategy

Issue 187, November 21, 2024

Why are we always in such a hurry?  We launched 5,481,437 startups in 2023.  We introduce 91.9 million new websites every year: that’s 252,000 new websites each day.  We debut 30,000 CPG products annually to add to the bewildering choice of favorite brands and 30 to 40 new domestic car models every year. It’s no different in the business world; in 2023 the retail trade had the majority of new business applications with over 978,000 followed by professional services with 686,000. And they are all in a hurry to become profitable.

As a side note, while we’re on the topic of speed, New Yorkers are accused as fast talkers and fast walkers; maybe it’s because they have 24 seconds to cross a four-lane boulevard before the walk sign turns red.  The walk signs in Washington DC are set for 60 seconds; we’ll you draw your own conclusions. That said, we are here to explore why we are addicted to fast and furious disruption in terms of transformational change.

Disruptor-i…