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:
The time has come when Mahatma Gandhi said "We cannot possibly keep on encrouching mother nature and whatever we do even in business enterprise has to be sustainable in every respect".
Hack by Tarun Kumar Mann on March 20, 2011
In the slums of Tijuana, Mexico in 1961, a young doctor saved the lives of two little girls suffering from pneumonia.  Today, the organization he founded will endeavor to embed innovation in a qu
Story by Chris Bessenecker on December 18, 2012
Ruggedized tablets are the perfect addition to any hands-on company due to their ability to analyze data, ensure profitability, give customers and prospects what they need, and manage time spent on pa
Story by Samantha Hager on April 6, 2017
Please edit before and do decide not to publish on the website.I apologize, this is truly and in every sense of the word a female story probably not all fitting in the context.
Story by Pia Koch on September 19, 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
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
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.
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

Pages