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Organizations change forms. They either do so in response to the external environment or as a result of organizational change. Much often thrown around and bandied about, change is however no longer the buzzword in performance management.
In 2019, the Performance Magazine editorial team interviewed Dr. Mark Powell, business writer, consultant & entrepreneur, and Jonathan Gifford, business author & speaker, on the topic of business innovation, specifically on how businesses could greatly improve by replicating the daring, yet highly successful model of performance arts.
Executives are familiar with Alfred Chandler, one of the more prominent strategic management scholars, along with Henry Mintzberg. Chandler perceives corporate strategy as the determining factor behind a firm’s long-term goals, after which you allocate capabilities and adapt actions & activities in a fashion that can achieve them in both an effective and efficient way.
People in the military are trained to defend the nation and save lives. On the battlefield, these people fight in life and death situations.
The normal resource-based economy is slowly changing to a knowledge-based one. Successful companies do not only depend on their resources, but also on the creativity of their employees.
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