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Experiment more often and more cheaply

“The next big opportunity never looks that way at the outset. Big opportunities grow out of successive rounds of experimentation.”

To evolve more rapidly, organizations must experiment more frequently. Management processes that seek to arrive at the “one best strategy” through top-down, analytical methods must give way to models based on the biological principles of variety (generate lots of options), selection (find low-cost ways to test critical assumptions), and retention (ramp up spending once a strategy has started to gain traction). In the future, top management won’t “make” strategy but will create an environment in which there is lots of fast-paced, strategic experimentation.

42 Stories
62 Hacks
5 Barriers

Experiment more often and more cheaply

“The next big opportunity never looks that way at the outset. Big opportunities grow out of successive rounds of experimentation.”

To evolve more rapidly, organizations must experiment more frequently. Management processes that seek to arrive at the “one best strategy” through top-down, analytical methods must give way to models based on the biological principles of variety (generate lots of options), selection (find low-cost ways to test critical assumptions), and retention (ramp up spending once a strategy has started to gain traction). In the future, top management won’t “make” strategy but will create an environment in which there is lots of fast-paced, strategic experimentation.

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If freedom means being unbound how effective is such liberation in an innovation environment?
Hack by Altaf Jasnaik on June 22, 2010
Thinking about obstacles we meet in achieving the impossible dream as barriers is itself a barrier, we need to reframe to see them as ramps into NEW territory, to focus on what works and look for the
Barrier by Martin Hazell on June 2, 2010
Recently I heard about Quirky process through a product design and eventual commercialization, and get to think how this model can help organizations to think about how to give their employees and R&a
Hack by Julio Jesus Sanchez on April 13, 2012
Once upon a time there was a statistical observatory on the labour market of the Province of Florence.They used to make annual researches and they published them on their website as PDF.If someone was
Story by Roberto on May 19, 2010
To be innovative, a company needs to understand how it can take what it already does and do that better.
Hack by Ryan Thorpe on March 11, 2011
More for less is required from our Public Services. High priced CBD rents, expensive city centre living, long distance commutes. Staff are our great asset. Staff want a better work life balance.
Hack by Yorkie Owl on September 24, 2012
Insufficient cash flow is the number one reason for the failure of new enterprises — as many as 82% of all businesses that don’t make it fall through for this reason.If you’re just starting out and yo
Story by Mike T Deane on February 4, 2021

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