Time as Absolute Factor of Competitiveness and Economic Efficiency

To generate new knowledge as output of the business processes represents the basis of the most substantial competitive advantages. This transforms the speed of the business processes in the key factor of competitiveness. Time becomes the absolute criterion in the delimitation of the competitive organisations from outsiders. Faster are the business organisations that manage to extract profit rapidly. Their reporting to the profitability threshold may constitute the basis for measuring the businesses’ rhythms.