As we look across the trends, there are a number of common themes. Companies have waited around for things to change. In doing so they have witnessed tough conditions lasting far longer than anyone had originally anticipated. Rather than continuing to stand still while slipping further behind, leading businesses are driving toward future success by being decisive and committing themselves to take action now.
With the momentum under way, it can be predicted that value-based trends are not going to go away any time soon. Companies have grown smarter and more cautious about investing their money, and this has not changed, even with the most recent positive turn in the economy. It will be quite some time — if ever — before executives are once again free to invest company money without demonstrating value in the form of measurable results.
Today's most successful businesses believe that if they are not moving ahead, they are falling behind. Is your business watching, or are you participating? The competitive advantages of the past may no longer be enough to keep your organization current as the climate evolves. Does your organization plan to address issues, increase efficiencies and optimize profits? The competitors understand why they must evolve. Do you?
About the Author: David Wechsler is senior vice president, North Business Unit leader and National Supply Chain Management Practice leader for Hitachi Consulting of Dallas, TX, a global business and IT consulting company. You can e-mail him at firstname.lastname@example.org.