12/17/2023 0 Comments Complex reality vs simple statesI think we need Renaissance Organisations and not just Men (and women I should point out). Instead, they should be “consciously managing complexity.” In the excerpt that follows, which is edited for space, Nason explains how. This could be dismissed as an exercise in semantics, except for one thing: When facing a problem, says Nason, managers tend to automatically default to complicated thinking. There’s no algorithm that will tell you how to respond. A competitor with an innovative business model - an Uber or an Airbnb - is a complex problem. A technological disruption like blockchain is a complex problem. Complex problems involve too many unknowns and too many interrelated factors to reduce to rules and processes. The solutions to complicated problems don’t work as well with complex problems, however. They also can be resolved with systems and processes, like the hierarchical structure that most companies use to command and control employees. Unfortunately, as Rick Nason, an associate professor of finance at Dalhousie University’s Rowe School of Business, ably explains in his new book, It’s Not Complicated, if you manage complex things as if they are merely complicated, you’re likely to be setting your company up for failure.Ĭomplicated problems can be hard to solve, but they are addressable with rules and recipes, like the algorithms that place ads on your Twitter feed. Roget is long dead, but his gang of modern-day editors still assert that the words “complex” and “complicated” are synonyms. Peter Mark Roget and his insidious thesaurus. It’s time to call out the real culprit in far too many business failures - Dr.
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