Great By Choice

Jim Collins and Morten Hansen have spent close to a decade digging deep into what makes these companies tick, and how other managers and leaders can apply those truths to their own organizations. Their research is revealed in their new book, Great By Choice: Uncertainty, Chaos, and Luck – Why Some Thrive Despite Them All. An interview with the authors.

Great By Choice: Uncertainty, Chaos, and Luck—Why Some Thrive Despite Them All

The new question
Ten years after the worldwide bestseller Good to Great, Jim Collins returns with another groundbreaking work, this time to ask: Why do some companies thrive in uncertainty, even chaos, and others do not? Based on nine years of research, buttressed by rigorous analysis and infused with engaging stories, Collins and his colleague, Morten Hansen, enumerate the principles for building a truly great enterprise … [ Read more ]

Morten T. Hansen

Collaboration rarely occurs naturally, because leaders, often unintentionally, erect barriers that block people from collaborating. Many people, though not all, of course, have a natural tendency to collaborate, but they are not left to their own devices. And the culprit is modern management.

Managers and management thinkers celebrate decentralization, which works like this: You delegate responsibilities for products, business areas, and geographies to a group of … [ Read more ]

The Future of Work

Collaboration has become a hot buzzword. Tear down silos. Get employees to talk to each other from separate cubicles, separate countries. Partner with suppliers and customers to bolster innovation. The mandate for CEOs and senior executives seems clear: You should get your employees to collaborate more.

Guess what? This conventional wisdom is dead wrong: Collaboration is not necessarily a good thing, and more of it is … [ Read more ]

Does an MBA Make You a Better CEO?

Are CEOs with MBAs actually stronger leaders? The answer might depend on the age of the CEO.

Inspired by the raging debate last year over the role of MBAs in the financial crisis, we tried to analyze whether having an MBA influences overall CEO performance. In a large-scale study of CEO performance since they took office, we found that other things equal, MBA CEOs had a … [ Read more ]

Does Knowledge Sharing Deliver on Its Promises?

For nearly two decades, consulting firms, technology companies, R&D-driven corporations and other knowledge-intensive organizations have made significant investments in “knowledge management” initiatives. These initiatives are intended to facilitate the capture and transfer of company expertise as a way to spur learning and innovation. But research by Wharton management professor Martine Haas and a colleague indicates that knowledge sharing efforts often fail to result in improved … [ Read more ]

The Innovation Value Chain

Beware conventional wisdom about how to boost your innovation capacity. Another firm’s best innovation practice could become your worst nightmare. Think of innovation as a value chain comprising three phases: idea generation, conversion, and diffusion. Then tailor your practices to your company’s needs.

How To Build Collaborative Advantage

As the traditional advantages of scale and scope begin to lose their potency, the familiar concept of internal collaboration represents a powerful new source of competitive advantage for multinational companies.