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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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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
Pain points can abound in the workplace, with people either contributing to or helping relieve them. Perceived pain (vs.
Hack by George Kobak on May 6, 2015
Traditional Models of entrepreneurship are sequential and focus on steps and deliverables centered on the  business plan.
Hack by Declan Kavanagh on July 12, 2013
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Story by Mike T Deane on February 4, 2021
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
If you want to promote the behaviours of your best leaders, give them a larger span of control and ability to influence.
Hack by Sean Schofield on November 21, 2013
As a business consultant you are asked to increase the production of the exisitng shopfloor for a manufacturing organisation.
Story by Vinod Das S.K. on March 19, 2011

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