Wednesday, May 12, 2021

g-f(2)273 The Big Picture of the Digital Age (5/12/2021), MIT SMR, Turbulent Times Demand Dynamic Rules



Extra-condensed knowledge


Circumstances can change rapidly in an uncertain world — organizational rules should be designed to change along with them.
  • The popular expression “the new normal” describes exactly that — an era characterized by uncertainty that needs to be met with new organizational perspectives and practices. 
    • To prosper in dynamic times, businesses need to change their approach to rule-making and adherence.
    • In order to function effectively in the new, more dynamic normal, organizations must change how they design, implement, and monitor their policies and procedures.
  • Because change is only becoming more substantial and unpredictable, organizations that build dynamic rules will be better prepared for what lies ahead, whatever it may be.


Genioux knowledge fact condensed as an image


Condensed knowledge


  • Circumstances can change rapidly in an uncertain world — organizational rules should be designed to change along with them.
    • The popular expression “the new normal” describes exactly that — an era characterized by uncertainty that needs to be met with new organizational perspectives and practices. 
      • To prosper in dynamic times, businesses need to change their approach to rule-making and adherence.
      • In order to function effectively in the new, more dynamic normal, organizations must change how they design, implement, and monitor their policies and procedures.
    • Because change is only becoming more substantial and unpredictable, organizations that build dynamic rules will be better prepared for what lies ahead, whatever it may be.


Category 2: The Big Picture of the Digital Age

[genioux fact deduced or extracted from MIT SMR]

This is a “genioux fact fast solution.”

Tag Lessons learned to those traveling at high speed on GKPath

Lesson learned, MIT SMR, 

  • Turbulent times demand dynamic rules!

Type of essential knowledge of this “genioux fact”: Essential Analyzed Knowledge (EAK).

Type of validity of the "genioux fact". 

  • Inherited from sources + Supported by the knowledge of one or more experts + Supported by research.


Authors of the genioux fact

Fernando Machuca


References




ABOUT THE AUTHORS


David R. Hannah (@daverhannah) and Christopher D. Zatzick are associate professors of management and organization studies at the Beedie School of Business at Simon Fraser University. Jan Kietzmann (@7_dials) is associate professor of innovation and information systems at the Gustavson School of Business at the University of Victoria.


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