Time-based Competition
Time-based Competition
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计时竞赛
DOI:
10.4135/9781446251720.n52
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发表时间:
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期刊:
影响因子:
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通讯作者:
Honda
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文献类型:
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作者:
Chrysler;Ford;General Electric;General Motors;Hewlett Packard;Honda
Like competition itself, competitive advantage is a constantly moving target. The best competitors, the most successful ones, know how to keep moving, and always stay on the cutting edge and ahead in the competitive race. Today, time is often emphasised as the strategic weapon that allows companies to attain that position. " Today, time is on the cutting edge. The ways leading companies manage time-in production, in new product development and introduction, in sales and distribution-represents the most powerful new sources of competitive advantage. "-George Stalk-Boston Consulting Group In fact, as a strategic weapon, time is the equivalent of money, productivity, and quality, even innovation. Managing time has enabled top Japanese companies not only to reduce their costs but also to offer broad product lines, cover more market segments, and upgrade the technological sophistication of their products. These companies are time-based competitors. Time-based competition (TBC) is defined as a strategy for the development of a sustainable competitive advantage, characterised by three major traits. First, it deals with only those lead-time areas that are most important to the customer. Second, these reductions in lead-time derive from the removal of waste from the processes involved. Third, these lead-time reductions must be achieved through system analysis and attack of the underlying processes; they must not be product driven. In such environments, TBC must be a strategy, which achieves reductions in lead time through changes in the processes and structures used to design, manufacture and deliver products for its customers. Surprisingly, and contrary to many initial assumptions, competing on time is simply not achieved by doing things more quickly. As mentioned above, the removal of activities, which do not add value, provide the largest opportunity for time reductions. Examples of such activities include: inspections, material handling, inventories, waiting, and rework. TBC is not a theoretical concept; it is something that many firms are now actively pursuing. These firms are pursuing TBC because it offers them advantages, which their competitors are finding difficult to match or surpass. These manufacturers, incorporating time-based competition (TBC) into their businesses today, include: