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What Differentiates High Growth Companies from Lower Growth Companies?

Source: Financial Executives International TV

Jim Champy
Author: Outsmart!

Runtime: 7:42

Click here to download video.

Champy is the author of the New York Times Best Seller “Reengineering the Corporation” and the Chairman of Consulting for Perot Systems.

Key Takeaways:

  1. Champy’s new book, “Outsmart! How to Do What Your Competition Can’t,” is a series of short studies on how fast-growth companies outsmart the competition.
  2. High growth companies tend to be highly focused in a single industry and are action-oriented.
  3. High growth companies tend to think more aggressively about growth. Lower growth companies tend to focus on incremental growth.
  4. Intuitive decision-making is prevalent at high growth companies. Lower growth companies tend to rely more heavily on analysis.
  5. If you have a strong culture, the need for controls is minimized.
  6. High growth companies focus on customer needs. Lower growth companies generally focus on competitors.

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