A New Model for a New World: Why It’s Needed and What It Consists of

  • Annika Steiber
Chapter
Part of the SpringerBriefs in Business book series (BRIEFSBUSINESS)

Abstract

Today’s business world is one in which “change itself has changed,” becoming more rapid, pervasive, and ongoing. For most firms, this requires a fundamental re-invention of management, as the typical corporate bureaucracy cannot respond well to rapid changes. This chapter outlines the shortcomings of old-style management and reviews the multiple forces of change that prevail today: technological change, demographic and social change, globalization, and energy and environmental factors. These in turn point to a need for “dynamic capabilities” (per David Teece): the ability to sense and seize new opportunities while reshaping the enterprise accordingly. The chapter closes with some characteristics that a new management model should have, including a people-centric innovation culture, flexible and ambidextrous structures, and active engagement with the firm’s larger ecosystem.

Keywords

Dynamic capabilities New management model Organizational ambidexterity Entrepreneurial management Innovation management Open innovation 

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Annika Steiber
    • 1
  1. 1.A.S. Management Insights ABSaltsjö-booSweden

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