article thumbnail

Want to Thrive in Today’s High-Speed, Hypercompetitive Business World? Teach Your Management Team to Iterate.

Strategy Driven

When boiled down to its essence, management is a system of managers, operating in concert, constantly adjusting resources based on new information coming in to keep the business on target. In other words, management is the feedback system of the organization. performing entrants in any given market space.

article thumbnail

Breaking the Death Grip of Legacy Technologies

Harvard Business Review

Managers constantly try to fit new market needs to existing processes and routines. Even General Motors, which had a bird’s eye view of the Toyota Production System from its joint venture with Toyota at New United Motors Manufacturing Inc. This reduced the entry barriers in the market, which was then flooded with product.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why WikiLeaks Matters More (And Less) than You Think

Harvard Business Review

In turn — and here's the crucial part — India's likely to be able to create the future: stuff that's globally hypercompetitive, because it's lean, clean, and green, igniting a new basis for export-led growth, and, more than likely, offering better sources of advantage. Now let's go back to the much-maligned WikiLeaks.

GDP 16
article thumbnail

Seven Problems a Recovery Won't Fix

Harvard Business Review

Yet, mere recovery probably isn't enough to do much about growing financial insecurity, not just because gross output isn't concerned with how the pie is divided, but, more deeply, because fragility is a consequence of hypercompetitive, globalized, winner-take-all labor markets: in other words, it's a feature, not a bug. Pointlessness.

GDP 19
article thumbnail

What the Best Transformational Leaders Do

Harvard Business Review

In a study of S&P 500 and Global 500 firms, our team found that those leading the most successful transformations, creating new offerings and business models to push into new growth markets, share common characteristics and strategies. The same was true of Adobe’s Shantanu Narayen. Theodor Weimer , Country Chairman at UniCredit.

article thumbnail

We All Work at Enron Now

Harvard Business Review

Markets would fail at allocating capital — and misallocate and malinvest it in low-worth stuff instead. The global economy as we know it systemically, chronically undercounts real costs, and overcounts real benefits. It's not just that in a hypercompetitive world, yesterday's competitive edges are as dull as a plastic spork.