The Adaptive Enterprise
In Managing the Business I called out the adaptive enterprise as a fundamental idea for dealing with the unpredictable velocity of change that, in my view, characterizes the current and emerging environment.
In May of 2006 The McKinsey Quarterly released "The adaptable corporation," an article that underscores the need for adaptibility. The abstract is:
"Any business faces two basic demands: it must execute its current activities to survive today's challenges and adapt those activities to survive tomorrow's. Since both executing and adapting require resources, managers face an unending competition for money, people, and time to address the need to perform in the short run and the equally vital need to invest in the long run. This problem raises an important question—is it possible to do both well or is there an inevitable trade-off between executing and adapting?"
This relatively sudden burst of activity on droganbloggin results from notes that have been stacking up for some time regarding a number of matters of interest to me. Most are related to Managing the Business and supports the thesis of the paper. I also think these posts will be of value to my students.
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