time-based competition definition

time-based competition

Concept that time is a resource and a firm that make better use of time (in responding to the changing market situations and other environmental conditions) acquires a competitive advantage. The term was coined by the US consultant George Stalk, Jr., of Boson Consulting Group and popularized by his book 'Competing Against Time.'

time-based competition is in the Decision Making, Problem Solving, & Strategy and Entrepreneurship, Management, & Leadership subjects.

time-based competition appears in the definitions of the following terms: just in time (JIT) inventory and time to market

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