Six Basic Principles for a Changing World

Annika Steiber and Sverker Alänge
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Annika Steiber: Institute for Management of Innovation and Technology (IMIT)
Sverker Alänge: Chalmers University of Technology

Chapter 2 in The Silicon Valley Model, 2016, pp 19-35 from Springer

Abstract: Abstract This chapter explains six core management principles that enable companies to deal with rapid and constant change. Various researchers have identified these principles, finding them to be effective in many kinds of firms. They include both organizational features and precepts for managing. The principles are: Dynamic Capabilities. A Continually Changing Organization. An Ambidextrous Organization (an “ambidextrous” company is able to optimize current operations while innovating). A People-Centric Approach. An Open, Networking Organization. And a Systems Approach. The chapter illustrates the principles with examples from companies that include IBM and a food-processing firm.

Keywords: Open Organization; Dynamic Capability; Management Scholar; Ambidextrous Organization; Innovation Company (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1007/978-3-319-24921-6_2

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