Tradition embraces stability. Time honored principles get that way because they have strong track records of success. The tried and true, extrapolated into the future, often looks like a sure thing, while deviating from historical norms can look downright foolish.
Yet the funny thing about the future is that there’s no guarantee that it will look like the past. Contexts change and when they do, old rules no longer apply. Following them blindly does not honor the past, but diminishes it by confusing fealty with wisdom.
Since 1960, the average lifespan of a company on the S&P 500 has fallen from more than 60 years to less than 20. The power of technology will increase as much in the next 18 months as it has in the last 30 years.
Clearly, technology cycles have begun to outpace planning cycles. We need to learn to manage not for stability, but for disruption.
Via Kenneth Mikkelsen