Adapt: Why Success Always Starts with Failure by Tim Harford

The Adaptive Organization

  • Businesses would do well to try new things expecting that some will fail, make failure survivable, and know when something has failed. More and more companies are also decentralizing, flattening their hierarchies, and paying performance bonuses to more junior staff. This rewards the people who can adapt quickly to local circumstances. Peer monitoring is also increasing in popularity as if you can’t persuade your peers to help you with your idea, it will go nowhere. In some cases companies allow workers to find and select their own coworkers. Business also needs to allow time for people to innovate. Here Google’s 20% time is used as an example.
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