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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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The challenge is to combine technologies, platforms and ways of learning that explicitly tackle those enemies of adaptability and support each of the design principles of a truly adaptable organisatio
Hack by Julie Steel on July 17, 2013
Imange if the Internal Combustion vehicle's under utilised energy (eg electricity/ thermal valued per year at more than $4000) was suppied to homes, factories and Green houses,then imange( multipling
Hack by patrick chanda on July 20, 2018
We’re all aware that speed to market with new products and services can be a crucial business differentiator.
Story by Måns Edsman on December 22, 2011
SABi is a LogicShoe R&D project designed to simplify consumer intelligence that drives incremental management decisions.
Story by Diana Iliescu on September 2, 2014
What happens when volunteers respond to the call for “digital citizen scientists,” agreeing to use their personal computer downtime to run a program for solving the problem of protein folding, a key t
Story by shirley spence on September 24, 2010
Give every employee some money to spend on realizing ideas to improve the business. Allow for  "pooling" of the money between employees.
Story by Joerg Schwartze on June 29, 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
Business Agility is experiments, analytics, and execution - all driven by evidence-based decisionmaking.
Hack by David Siegel on November 22, 2013
When developing a new concept I find it extremely helpful to get the idea on paper, and share it with thought partners to help sharpen, strengthen, and improve the concept.You have to be comfortable h
Story by Christie W. Barrett on April 28, 2010

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