The current state of things or existing state.
Speed of Innovation refers to the rate of change in the product portfolio through new offers, new features and improved functionalities.
Inventory is a measurement of the items a company uses to facilitate its operations.
Developing countries are nations with lower GDP, industrial activity, and human development index than developed countries.
Today's business focus is often on short-term goals and efficiency, creating a "tyranny of today" that hinders innovative thinking. Companies must balance this with a focus on future opportunities to stay nimble and flexible.