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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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Business Agility is experiments, analytics, and execution - all driven by evidence-based decisionmaking.
Hack by David Siegel on November 22, 2013
A stressed out small businessman learns, the hard way, the importance of a work place where people are energized and motivated by working the way that works for them.
Story by Henry Stewart on July 21, 2010
Capitalism has multiple definitions.However, the essence lies in creation of viable and productive opportunities and the key to a sustainable future lies in encouraging continuous creation of opportun
Hack by Amit Mohapatro on May 2, 2012
Too many people in our lives believe that we all work to maintain a lifestyle outside of work. We go on about the work/life balance yet very few manage to find that happy medium.
Hack by Chris Cunningham on December 15, 2011
How a team of innovation rookies stretched their imagination and found an unexpected solution from an unexpected partner.  
Story by Alberto Blanco on March 15, 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
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
Whirlpool Corporation recently added the “bow” to the rock-solid and deeply embedded Double Diamond process which focuses on discovery and development of new opportunities in the front end.
Story by Moisés Noreña on August 7, 2011

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