W. Brian Arthur
Adaptation doesn’t really exist as a quality on its own. Adaptation lies in having at the ready a repertoire of available responses… Adaptation means having a tool kit of backup preparedness: people, plans, responses, ideas, possibilities, attitudes, and equipment that allow you to construct solutions quickly.
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Adaptation requires a mindset that deals with uncertainty. That’s not a mindset so much of seeking ever-increasing profits and … [ Read more ]
Content: Quotation | Author: W. Brian Arthur | Source: McKinsey Quarterly | Subjects: Management, Organizational Behavior
W. Brian Arthur
In a very stable world, where you know the probabilities and the risks, you can optimize. But even in that case, I would counsel against optimizing with a narrow criterion. I don’t think that is ever a good idea, because it brings brittleness to a system. This is because when a system is optimized, all its parts need to work properly, and some are going … [ Read more ]
Content: Quotation | Author: W. Brian Arthur | Source: McKinsey Quarterly | Subject: Management
W. Brian Arthur
In a world where we don’t trust the ground we stand on, what really counts is adaptation or resilience.
Content: Quotation | Author: W. Brian Arthur | Source: McKinsey Quarterly | Subjects: Management, Organizational Behavior
Is the Information Revolution Dead?
An insightful comparison and contrast of the recent high-tech boom and bust to previous technological revolutions, with some speculative thoughts about what the future might hold. A good read.
Content: Article | Author: W. Brian Arthur | Source: Business 2.0 | Subjects: Economics, History