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By Shona L. Brown

Risky markets, fierce pageant, and incessant switch are the single certainties in modern-day chaotic enterprise international. of their startling new e-book, authors Brown and Eisenhardt contend that to prosper in such risky stipulations, ordinary survival techniques needs to be tossed apart in want of a progressive new paradigm - competing at the facet. To compete at the aspect is to relentlessly reinvent, and it is the merely technique to navigate the treacherous waters of tumultuous markets. Competing at the aspect is an unpredictable, occasionally even inefficient process, but a singularly powerful one in an period pushed by means of switch. It calls for charting a direction alongside the sting of chaos, the place a fragile compromise is struck among anarchy and order, to the sting of time, the place present enterprise is the first concentration, yet activities are formed via previous legacies and destiny possibilities. via adroitly maneuvering via chaos and time, managers can keep away from regularly reacting to nonstop swap and as an alternative set a rhythmic velocity that others needs to stick with, thereby shaping the aggressive panorama - and their very own future. within the first ebook to translate innovative suggestions from complexity conception into administration perform, every one bankruptcy makes a speciality of a particular administration issue and illustrates an answer. Linking the place do you need to head? With how can you get there? here is a daring and wonderful process that works - while the secret is swap.

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Extra resources for Competing on the edge: strategy as structured chaos

Sample text

As any inductionist knows, the data provide the intellectual honesty and the insights into truly new thinking. An important event occurred when we realized that our work was related to complexity and evolutionary theories. We realized that researchers in these traditions were also struggling to understand change, but in a way that was much different from our own approach. Yet, the frameworks that we were finding in our research resembled what they too were finding. " The tension in this book is between these two worlds: the very pragmatic and enormously challenging world of managing in rapidly changing and highly competitive markets, and the scientific world of complexity thinking, the nature of speed, and evolutionary theory.

We wanted to show how these ideas are valuable and relevant to the pragmatic world of business. After all, fundamental principles of science may be universal, but they unfold in unique ways in each academic discipline. We have added our own take on complexity and evolutionary theories through, for example, definitions of complexity and edge of chaos that emerged from our data. Blindly copying someone else's theo- Page xi ry would not help managers or theorists very much. Finally, we added some new thoughts around time pacing and experimentation.

The power of a few simple structures to generate enormously complex, adaptive behaviorwhether flock behavior among birds, resilient government (as in democracy), or simply successful performance by major corporationsis at the heart of the edge of chaos. The edge of chaos captures the complicated, uncontrolled, unpredictable but yet adaptive (in technical terms, self-organized) behavior that occurs when there is some structure but not very much. 8 The critical managerial issue at the edge of chaos is to figure out what to structure, and as essential, what not to structure.

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