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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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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
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
Few companies organize to walk multiple paths to re-invent themselves.Note : if you have a quarky charm feeling of "Deja Vu", or "Synchronicity" it is under control, and you are fine.Innovation is par
Story by Frederic J.Leconte on December 19, 2012
Co-Authored By Audrey D.
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
Use and develop human capital to its fullest potentialIdentify capabilities and skills of employees via situational simulations.
Management is an invention. So too are managers.
Hack by Sean Schofield on May 30, 2011
A system for "Agile Strategy", inspired by SCRUM.
Hack by Marc Sniukas on August 17, 2017
Workers often find themselves too bound by deadlines and project expectations to have time to collaborate on cool, interesting, but less "high priority" ideas.
Hack by Vijay Karunamurthy on September 20, 2010
The agile start-up these days treats everything to do with customers as an experiment.
Hack by David Siegel on July 17, 2013

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