Time-based Competition is a wonderful concept, which illustrate some important principles:

 

1. 0.05%-5% principle, the time which used to create value just account for 0.05%-5% of total time.

 

2. 3/3 principle, we spent other time on 1) preparation 2) amendment and negotiation. 3) waiting for next steps (in team working context)

 

3. 1/4, 2 and 20% principle, after optimization of Time-based competition, total time will cut down to 1/4, capital production rate will double and costs will cut down 20%.

 

4. 3*2 principle, time-based competition will bring advantage to players of 3 time growth rate and 2 time profit comparing to average industry level.