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Complexity, a bit of chaos and robust adaptive strategies

Complexity, a bit of chaos and robust adaptive strategies. Prof Clive Morley Graduate School of Business. A knowledge economy?. Old economy Information economy static dynamic limited resources some key resources unlimited (ideas)

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Complexity, a bit of chaos and robust adaptive strategies

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  1. Complexity, a bit of chaos and robust adaptive strategies Prof Clive Morley Graduate School of Business

  2. A knowledge economy? Old economy Information economy static dynamic limited resources some key resources unlimited (ideas) efficient use of resources creativity, innovation fixed relationships adapting relationships Clive Morley ***

  3. Managing in the new economy Old management New management profits and control understanding, insight organisations designed & built organisations emerge strategies designed & built strategies emerge top down management distributed governance change is a problem, change is ever-present, to be managed a stimulus Clive Morley ***

  4. Five Contexts complex unordered complicated ordered disorder chaotic simple simple Clive Morley ***

  5. Contexts Clive Morley ***

  6. Leadership in context Clive Morley ***

  7. Robust adaptive strategies strategies relying on predictions won’t work in very uncertain future ideas from analogy with evolution using ideas of complex adaptive systems multiple strategies evolving over time Clive Morley ***

  8. Robust adaptive strategies Robust strategies work in variety of circumstances Adaptive strategies keep options open Less certain, optimal, efficient, co-ordinated Avoid choice and focus In favour of flexibility and experiment Clive Morley ***

  9. Robust adaptive strategies Experiments and wide spread searches for ways to success Continual innovation Clive Morley ***

  10. Robust adaptive strategies Rules for being successful: 1.      Keep moving 2.      Try multiple direction 3.      Use mixture of small, incremental changes and some big ones Clive Morley ***

  11. Robust adaptive strategies Creating robust adaptive strategies: Invest in diversity Value strategies as real options Map jumps Clive Morley ***

  12. Robust adaptive strategies Creating robust adaptive strategies: Test population of strategies Bring the market inside Use venture capital performance metrics Clive Morley ***

  13. Snowden, DJ and Boone, ME 2007A leader’s framework for decision making, Harvard Business Review Nov • Beinhocker, ED 1999 Robust adaptive strategies, Sloan Management Review, Spring • Pascale, RT 1999 Surfing the edge of chaos, Sloan Management Review, Spring • Allee, V 2003 The Future of Knowledge, Butterworth-Heinemann • Luehrman, TA 1998 Strategy as a portfolio of real options, Harvard Business Review Sept-Oct Clive Morley ***

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