The Challenge
Investors have a low tolerance for failure within organizations, resulting in risk-averse decision-making and requirements for rigid strategic plans. Consequently, companies typically drift through years of incremental competitive advantages without being agile or risk-taking.
Most business does not know how to be innovative and entrepreneurial or adapt to the necessary changes, let alone changes that will invariably happen because of biotech, robotics, the Internet, artificial intelligence, or machine automation. Despite appeals to be more innovative or entrepreneurial, most will opt to stay incremental. Authentic innovative or entrepreneurial behavior means that, at the very least, we must have an excellent understanding of our current business and an ability to examine and analyze options that might be open to us.
It used to be that we looked at specific areas within an organization without understanding the full impact of an entire structure. Today we realize that the total needs of an organization must be understood, evaluated, and considered in its development. However, exact, and complete business requirements are frequently challenging to obtain. There are four main reasons for this:
1. There is a significant lack of entrepreneurial thinking and innovation – at least, there appear to be few ways to achieve this without adverse risk.
2. The complexity of eliciting information requirements to support significant changes.
3. The complex nature of effective communication amongst stakeholders trying to define requirements.
4. The limits on us to be effective information processors.
So, the challenge is how do we “frame” an entire structure – one that is objective, honest, and meaningful?
Answer – Level 4 Frameworks.
Click on Workbook to download Sample Pages, a free copy of the first chapter (Level 1 Normative), or a full version of the Level 4 Frameworks Workbook.
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