> speed is about 2 things: more smaller iterations, confirming you're working toward a desired outcome.

Well put. Too many managers and execs use the word "speed" but never define it for others to make actionable.

Scenarios in real life:

    Coder: "what's important while we're working?"
    Exec: "Speed." _feeling_cool_
    Coder: "I authored features a,b,c,e,..x,y,z ~ already working fast, gimme a raise!"
    Exec: _realizes none of those features were desired objectives_ ...
    
    Or

    Senior software engineer: It'll take 9 months, 5 devs, and $200k to run...
    Everyone else: ... not even sure business will be kicking in 9 months ...