"Control your own destiny or someone else will" – these words of Jack Welch are great advice for every leadership team. But with a rapidly shifting competitive landscape and a faster "clockspeed" for decisionmaking (check out To Lead, Know You 'Clockspeed' all members), it's hard to conceptualize taking that charge from concept to action.

Much of the difficulty lies in the change in competitive advantage in the field. We've gone from a long period with stable product life cycles to a period of transient competitive advantage – where it is not possible to be sustainable long-term with "status quo . . .

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