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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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Nothing worse than a lazy golddigger ! Government (the digger)  installed to provide (the gold) for his citizens, just doing the absolute minimum or better yet the outcome is just the a
Hack by Jimmy Van de Putte on May 6, 2012
The Board members are risk averse in promoting radical changes from past behaviour.
Barrier by Ravinder K on June 4, 2010
Card Scanning on Phones: How Safe Is It?Thanks to the advancement of technology, nowadays, we are using our smartphones to do plenty of things thus saving a lot of time.
Hack by Emeka Ikwukeme on February 27, 2019
Optimization, with its Lean Sig Sigma standard-bearer, has always been the objective of management for the industrial era, designed to control variability and increase productivity.In the information
Barrier by Ben Biddle on May 10, 2012
This article has been written as one of the requirements to obtain the Innovation Mentor Certification credential at iVia: a program founded by Notre Dame University, Whirlpool Corporation and Bea
Story by Raymond Tilkens on October 30, 2014
If freedom means being unbound how effective is such liberation in an innovation environment?
Hack by Altaf Jasnaik on June 22, 2010
In our group tasks are chosen by our people.People are encouraged to volunteer to lead projects and others are encouraged to volunteer to join them and support them.The whole work is self-organized.Wh
Story by Edna Pasher on July 9, 2013
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

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