Final answer:
The option that best fits Matt Larson's statement is 'agility,' as he emphasizes the need to rapidly execute, respond, and deliver results. Agility allows a business to quickly adapt to market changes, maintain competitiveness, and effectively capitalize on both core competencies and innovations.
Step-by-step explanation:
In the context of Matt Larson's statement about the need to execute, respond, and deliver results rapidly, the most fitting option among the ones provided is agility. Agility in business refers to the ability to move quickly and easily, especially in response to changing market dynamics or consumer demands. An agile business can adapt to new situations with speed, often allowing it to stay ahead of the competition. Innovation, while crucial to long-term success as highlighted by Gregory Lee of Samsung, emphasizes the creation of new products or the improvement of existing ones, providing a temporary competitive advantage and above-normal profits.
The concept of core competency mentioned also supports the idea of a business being agile—a focused approach often leads to more efficient and effective responses to market changes. Agility ensures that businesses not only innovate but also effectively implement and capitalize on those innovations.
Ultimately, in fast-paced industries such as the fast food chain Matt Larson is part of, being able to change direction, respond to trends, and update practices swiftly is a key competitive advantage. Thus, agility seems to best capture the essence of the dynamic approach to business that Larson emphasizes.