Steven J Spear, In his book “High Velocity Edge” talks about 4 Capabilities that distinguish High Velocity companies from the rest. He illustrates these capabilities with examples of companies that have exemplified them.

The Four Key Capabilities are

CAPABILITY – I – System design and operations

Build a system of “Dynamic discovery” designed to reveal operational problems and weaknesses as they arrive – The Systems & the Processes are so designed, to enable easy & early surfacing of Problems. Thus Problems are made visible as and when they occur. systems & Processes are so designed that the Problems have nowhere to hide.

CAPABILITY – II – Problem Solving and Improvement

Attack and Solve problems as and when they occur converting weaknesses into strengths – As and when problems are made visible, they are addressed with a Sense of Urgency “Swarming & Solving” With Changing market dynamics & continuous disruption, Organizations with this capability will be stronger than their counterparts who are slow to execute or Adopt to the changes.

CAPABILITY – III – Knowledge sharing

Quickly disseminate knowledge gained through problem solving, across the Organization – Minimize Re-learning; different teams in the organization do not solve the same problem; they use the know how to Accelerate towards solutions.

CAPABILITY IV – Develop High Velocity Skills in Others

Create Managers invested in developing everyone’s capacity to continuously innovate and improve – this is the Key to survival. Developing People’s Skills & Competency in the First 3 capabilities is critical to sustained growth

These are also the Key tenets on Lean Thinking, Developing People skills in problem solving & Continuous Improvement is critical for long term sustainence & growth