What leaders, managers and professionals should learn form expert entrepreneurs
Challenge 2: Managing Effectually
Act – Plan – Do – Check
Plan – Do – Check – Act with fixed goals: that’s the basic pattern of causal management logic as practiced in boardrooms. Nowadays, however, managerial decision-making often takes place in ever-changing environments which are difficult to assess and where setting fixed goals simply doesn’t work. Sticking to the same old-fashioned rigid structure is no longer an option, managers and the decision-making process as a whole must be adaptable. Managers must strive to create the future, instead of trying to predict it.
It’s these situations in which the decision habits of experienced entrepreneurs, known as “effectuation”, outperform causal management logic. We support managers in becoming capable to act by using pre-existing means and networks to shape rough and unpredictable environments through entrepreneurial action.
Do you recognize one or more of these challenges:
- The environment is constantly changing – how to deal with it?
- Short on time, resources and budget – how to stay capable of acting?
- Our markets are on the decline – how can we create new opportunities?
- How can we make better use of the entrepreneurial potential slumbering in our organization?
- How can we leverage perceived constraints – surprises and unplanned events?
- Forecasting does not work – nevertheless, how can we lead the way both courageously and responsibly?
- What are viable alternatives to setting fixed goals and developing sophisticated plans?
- How can management be organized in uncharted territory?
- Can management be built on existing resources and success – and not on perceived weaknesses?
- How can entrepreneurial effectuation be combined with causal management logic?
Please contact us!