Leading Views: Good Poker Players Know When to Fold
NOVEMBER 20, 2012
In Adhocracy , Robert Waterman notes that “Bureaucracy gets us through the day; it deals efficiently with everyday problems. Waterman explains: Stud poker is a good metaphor for this process. In stud poker, as in product development or any other ad hoc work, you don’t know whether you have a winner until the last card has been played. Managers often don’t—for several reasons: First, they don’t bother to break big projects up into bite-sized chunks.