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"The average life expectancy at "birth" of a firm is roughly 15 years, and only one out of twenty lives longer than fifty years. Firms are born, they grow, then they struggle to keep up with changing markets. Slow adapters often become big losers, fall by the wayside, and die. Serial Innovators studies the factors affecting the aging of firms, particularly those that slow down their ability to adapt to changes in the marketplace. The book reviews recent findings in relevant academic fields—behavioral economics, psychology, neuroscience, organizational science, network theory, anthropology,…mehr
"The average life expectancy at "birth" of a firm is roughly 15 years, and only one out of twenty lives longer than fifty years.
Firms are born, they grow, then they struggle to keep up with changing markets. Slow adapters often become big losers, fall by the wayside, and die. Serial Innovators studies the factors affecting the aging of firms, particularly those that slow down their ability to adapt to changes in the marketplace. The book reviews recent findings in relevant academic fields—behavioral economics, psychology, neuroscience, organizational science, network theory, anthropology, sociology, and strategy—to understand how firms, as they grow, develop rigidities that prevent change.
It develops a model of organization that is adaptive, innovative, and can create significant value for its stakeholders for long periods of time".
CLAUDIO FESER is a Director of McKinsey & Company, where he leads the McKinsey CEO Network, a practice of the company that focuses on CEO training and coaching. Feser previously managed McKinsey offices in Switzerland and Greece. During his career, he has advised the CEOs of some of the world's largest and most renowned companies.
Inhaltsangabe
Foreword ix
Prologue xi
Introduction xiii
Part I The Ephemeral Nature of Firms
Chapter 1 Meet Carl Berger 3
Chapter 2 Corporate Life Cycle 11
Part II Individual Rigidities
Chapter 3 To Err is Human 25
Chapter 4 The Greatest of All Time 39
Chapter 5 Rewiring Brains 55
Part III Organizational Rigidities
Chapter 6 Long Live Bureaucracy! 75
Chapter 7 In Brain We Trust 97
Chapter 8 What We Value 111
Chapter 9 What Not to Pay For 121
Chapter 10 Fast Learners 131
Part IV Serial Innovators
Chapter 11 The Secrets of Serial Innovators 139
Chapter 12 Beyond Business: The Medici, Oxford, and the Catholic Church 155
Chapter 13 Legacy through Leadership 161
Afterword 167
Appendix A: Analysis of the Top 50 U.S. Firms of 1960 171
Appendix B: Corporate Aging and Survival 177
Appendix C: Key Questions for Transforming Your Firm 181
References 187
Acknowledgments 193
About the Author 195
Index 197
Foreword ix Prologue xi Introduction xiii PART I THE EPHEMERAL NATURE OF FIRMS CHAPTER 1 Meet Carl Berger 3 CHAPTER 2 Corporate Life Cycle 11 PART II INDIVIDUAL RIGIDITIES CHAPTER 3 To Err Is Human 25 CHAPTER 4 The Greatest of All Time 39 CHAPTER 5 Rewiring Brains 55 PART III ORGANIZATIONAL RIGIDITIES CHAPTER 6 Long Live Bureaucracy! 75 CHAPTER 7 In Brain We Trust 97 CHAPTER 8 What We Value 111 CHAPTER 9 What Not to Pay For 121 CHAPTER 10 Fast Learners 131 PART IV SERIAL INNOVATORS CHAPTER 11 The Secrets of Serial Innovators 139 CHAPTER 12 Beyond Business: The Medici, Oxford, and the Catholic Church 155 CHAPTER 13 Legacy through Leadership 161 Afterword 167 Appendix A: Analysis of the Top 50 U.S. Firms of 1960 171 Appendix B: Corporate Aging and Survival 177 Appendix C: Key Questions for Transforming Your Firm 181 References 187 Acknowledgments 193 About the Author 195 Index 197
Chapter 12 Beyond Business: The Medici, Oxford, and the Catholic Church 155
Chapter 13 Legacy through Leadership 161
Afterword 167
Appendix A: Analysis of the Top 50 U.S. Firms of 1960 171
Appendix B: Corporate Aging and Survival 177
Appendix C: Key Questions for Transforming Your Firm 181
References 187
Acknowledgments 193
About the Author 195
Index 197
Foreword ix Prologue xi Introduction xiii PART I THE EPHEMERAL NATURE OF FIRMS CHAPTER 1 Meet Carl Berger 3 CHAPTER 2 Corporate Life Cycle 11 PART II INDIVIDUAL RIGIDITIES CHAPTER 3 To Err Is Human 25 CHAPTER 4 The Greatest of All Time 39 CHAPTER 5 Rewiring Brains 55 PART III ORGANIZATIONAL RIGIDITIES CHAPTER 6 Long Live Bureaucracy! 75 CHAPTER 7 In Brain We Trust 97 CHAPTER 8 What We Value 111 CHAPTER 9 What Not to Pay For 121 CHAPTER 10 Fast Learners 131 PART IV SERIAL INNOVATORS CHAPTER 11 The Secrets of Serial Innovators 139 CHAPTER 12 Beyond Business: The Medici, Oxford, and the Catholic Church 155 CHAPTER 13 Legacy through Leadership 161 Afterword 167 Appendix A: Analysis of the Top 50 U.S. Firms of 1960 171 Appendix B: Corporate Aging and Survival 177 Appendix C: Key Questions for Transforming Your Firm 181 References 187 Acknowledgments 193 About the Author 195 Index 197
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