“Do we need a revolution?” ask Clayton Christensen and Derek van Bever in the June 2014 Harvard Business Review (HBR). “The orthodoxies governing finance are so entrenched that we almost need a modern-day Martin Luther to articulate the need for change.”
When “the world’s most influential business thinker” calls for a revolution, maybe we should pay attention. The “revolution”, says the article, would have three parts. (1) “New ways to assess investments in innovation… (2) We should no longer husband capital. It is abundant and cheap… and (3) …new tools for managing the resources that are scarce and costly.”
One immediate question: is the needed revolution about acquiring new tools or new management mindsets? New tools applied with existing mindsets risk leading to more of the same. In fact, could applying new mindsets to the existing tools go a long way to the revolution that the HBR article is talking about?
Via Kenneth Mikkelsen