Loud Thinking July 16, 2014 at 02:13PM
Don’t Just Jump on the “Next Big Thing”
When a new management practice gains momentum, executives think about making it work inside their own firms. But not every idea can be transplanted. To figure out whether it’s worth importing, follow these steps:
Bide your time. Every new practice needs time to succeed or fail and for the faddishness to fade.
Deconstruct the management model. Identify the essence of the idea. Ask: What’s the underlying logic for this way of working? What insights did the company draw on to come up with this model?
Analyze the results. Did the new practice achieve what the company wanted it to accomplish? Were there side effects?
See how your company compares. Would bureaucracy pose a bigger obstacle at your firm? Is your organization innovative enough for the new idea to take hold?
Adapted by HBR from “ Beware the Next Big Thing” by Julian Birkinshaw.
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