The World Economic Forum has identified complex problem-solving as the key skill required of organizations in the 21t century, closely followed by critical thinking and creativity. However, the authors point out, none of these are ‘taught’ in the majority of standard formal education institutions, either at high school or universities. McKinsey, the leading strategy consultancy, has been using their Seven-Step Problem-Solving method internally to deliver client solutions for decades however, but it has never been explicitly shared externally. Charles Conn drafted the original internal...
Nokia is well-known as the company that spectacularly lost its dominant position as a mobile phone manufacturer by failing to recognize the change that Apple’s iPhone brought to the market. Along with Kodak and Blockbuster it is frequently cited as one of the great corporate failures of the digital age. But unlike Kodak and Blockbuster, Nokia has resurrected and reinvented itself - as one of the top players in the global digital communications infrastructure market. The company is a very different one to what it was….but then it started out making wood pulp in 1865, before going into...
Spotted By Article Author/s: Professor Marianna Fotaki is Professor of Business Ethics at Warwick Business School.
Marianna holds degrees in medicine, health economics, and a PhD in public policy from London School of Economics and Political Science. Before joining academia in 2003 she worked as a medical doctor in Greece, China, and the UK, and as a volunteer and manager for humanitarian organizations Médecins du Monde and Médecins sans Frontiers in Iraq and Albania, and as the EU senior resident adviser to governments in transition (in Russia, Georgia and Armenia). She was also a Network Fellow at the Edmond J Safra Center for Ethics, Harvard University in 2014-2015.
The book is a personal manifesto around Koch Industries 'Market-Based Management' approach. MBM is, at root, an extension of the old philosophy argument personified by Locke and Rousseau vs Thomas Hobbes; are people generally good and community spirited, or mean and self-serving? Koch's approach is that left to our own devices (by which he means minimal government interference) people will seek out what is best for the wider eco-system they live in.
