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CHAPTER 2: EXPLORE & EXPLOIT (Major Concepts in the chapter (Inertia…
CHAPTER 2: EXPLORE & EXPLOIT
Major Concepts in the chapter
Inertia
Structural inertia
Organisational inertia
cultural inertia
Leadership
Management
Exploitation & Exploration
Ambidextrous leaders
Success Syndrome
Agility and Experimentation
Alignments & Misalignments
Theories/Models
Conventional Model
Congruence Model
Purposeful Darwinism
Success Syndrome
Solution: Managers should manage multiple alignments/become ambidextrous
Evolutionary Process of Organisations
Growth Stage
providing various products & services
efficiency
Market Share
Measuring margins
Formalised structure
Exploitation/Maturity phase
efficiency & costs
Incremental Improvements
efficiency
Exploration/Early stage