Leaders of many of today's mature organizations don't have the right mind-set or practices endure. They grew up with management practices that are suited to a different age - one with higher barriers to entry, less information , fewer able opponents, growing and prosperous markets and greater transaction costs. However today's business environments are less expected, more complex and more explosive. The result is that many core businesses are becoming more doubtful and in need of renewal.
In business environments that are explosive, though, such thinking is no longer practical. As an alternative, the authors offer practices used by successful growth companies, entrepreneurs and corporate new-business-development groups to navigate unpredictable, resource- constrained and astonishing surroundings. In an unpredictable world, trying to be appropriate can guide managers awfully astray. The "discovery-driven" strategy outlined in this article emphasizes finding the right solutions and reducing the assumption-to-knowledge ratio.
PUBLICATION DATE: April 01, 2009 PRODUCT #: SMR308-PDF-ENG
This is just an excerpt. This case is about ORGANIZATIONAL DEVELOPMENT
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