09 Sunday Mar 2014
Posted in business, design thinking, management, strategy
Tags
Analytics, Big Data, business, Clay Christensen, Design Thinking, disruptive innovation, Generative Management, George Gilder, integrative thinking, Kevin Kelly, Nassim Taleb, operations, Peter Drucker, Roger Martin, Russell Ackoff, strategy, thought leaders
Like yin and yang, human enterprise has two facets: closed-loop activities and open-ended endeavors. In management we call these two operations and strategy.
06 Thursday Jun 2013
Posted in complexity, consulting, human capital, management, strategy, taxonomy
Tags
Abductive Reasoning, abstract thinking, antifragility, Art, business schools, Categorization, complexity, Daniel Pink, Dave Snowden, hierarchy, integrative thinking, management consulting, Management Theory, mental models, Nassim Taleb, right brain thinking, Roger Martin, Sense Making, statistical analysis, strategy, weak-signals
As I have recently argued, the world’s top strategists agree that strategy in complex, cause-and-effect blurred environments requires a unique mindset.
According to Snowden and others, in complex environments cause and effect relationships do not repeat and a categorization mindset where data is fit to preconceived notions about reality (i.e. models, frameworks, etc.) is ineffective. This by the way rules out most of the consultants who provide precisely this: prescription style, a-la-carte frameworks and models. What works are sense-making models (to understand the distinction between categorization and sense-making in the words of the world’s top strategists, see my related blog). Categorization models are fast and efficient, but may miss so called “weak signals”, comparatively insignificant data points that are simply part of the average in normal situations, but which can be the source of new emergent patterns in complex circumstances – fat tails and Black Swans respectively in Nassim Taleb parlance.
The art and science of the possible 