Exploring Haier’s Ecosystem Evolution: Insights from the RenDanHeYi Model Forum 2024

In my latest article for the Business Ecosystem Alliance, I…

The Evolution of Business in a Highly Interconnected Global Network

For much of history, business organizations were shaped by the…

Antifragile Organizations: The New Frontier of Work

At the heart of antifragile organizations lies a profound reimagining…

In Search of Agility: A Tale of Transformation in the Corporate World

Act 1: The Struggle of Giants Our story begins in the realm…

A Pragmatic Approach to Navigating Business Uncertainty

In the realm of global commerce, uncertainty has become a persistent…

Adapting to Flow: Reforging Strategic Fit Amidst Market Flux

Strategic fit is a central concept to successful business strategy,…

Business Ecosystems: Evolution Beyond Traditional Boundaries

The concept of business ecosystems has evolved beyond traditional…

Making Management Great Again

Management, as taught at business schools, is on the way to irrelevance. Today it no longer solves problems. It creates them. So-called "best practices" of management have caused a multitude of problems that only became apparent with a delay of decades, but now they are making themselves felt with force. They fall short in dynamic market environments. They stifle innovation with bureaucracy and rigid processes.

Growing Innovation

Open business ecosystems are not limited in their possibilities. Flexibility and speed in cross-company collaboration is what distinguishes them from other business setups, making it simple to quickly grow promising innovations to profitable size. In practice, corporations struggle in participating in those ecosystems and setting up joint business operations. Their management and governance practices are not build to adapt to the required speed and flexibility.