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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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Music is the ultimate transforming exchange, timeless and unbounded by  imagination - a font of creativity that bridges and unites people the world over.
Hack by Gavin McLeod on November 24, 2010
Setting up an organisational system that enables a market-like scenario for supporting and funding innovative ideas.
Hack by Mathew J Varghese on March 20, 2011
More for less is required from our Public Services. High priced CBD rents, expensive city centre living, long distance commutes. Staff are our great asset. Staff want a better work life balance.
Hack by Yorkie Owl on September 24, 2012
Originally published on InnovationTraining.orgWhen you are given a business problem or you are looking for ways to develop and launch a new product or service and don’t know where to start, review the
Hack by Jenny Sankovsky on February 21, 2017
Dear Warden,Believe it or not the gang wants to be here. They want to create value for their family, company, community and world. Put aside your fear, remove the chains and support the gang by:1.
Hack by lucas ross on December 7, 2013
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

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