It's time to reinvent management. You can help.

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.

Filter By:
Video production companies are often thought of in the context of managing costly and enormous advertisement campaigns for massive brands.
Story by Ian Lewis on April 10, 2020
In his inspiring book "The Knowledge Creating Company" Nonaka, one of the pioneers in hacking obsolete management beliefs and practices, describes the key role of the middle managers in encouraging in
Hack by Edna Pasher on July 10, 2013
Management is an invention. So too are managers.
Hack by Sean Schofield on May 30, 2011
Originally published on InnovationTraining.orgWhen you are given a business problem or you are looking for ways to develop and launch a new product or service and don’t know where to start, review the
Hack by Jenny Sankovsky on February 21, 2017
A system for "Agile Strategy", inspired by SCRUM.
Hack by Marc Sniukas on August 17, 2017
I was watching an interesting IMD webcast the other day where their professor of marketing was killing some myths about entrepreneurship.
Hack by Olivier Lavergne on December 2, 2010
Questionnaire-like process modeling.It provides a user-friendly, easily understandable, non-technical language (names of variables for process specification;  values of variables for process
Hack by Alfredo Bregni on May 20, 2010
The "Gambling Joint" is a simple, bare-bones organizational pattern that I believe can produce a living and fun organization.
Hack by Fabio Cecin on March 29, 2012
I think a generally underappreciated (even when it's explicitly discussed), but highly influential factor in any workplace is the power of metrics.
Hack by Sean Schofield on May 31, 2011

Pages