Passion for exploration and exploitation
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Low labour costs are a sustainable competitive advantage of low-wage countries.
Well-developed economies as can create added value by Netherlands difficult to imitate innovative management skills and organization principles to apply. So they use the already existing knowledge, creating new sources of productivity growth and ensure a sustainable competitive advantage.Thus Henk Volberda (Professor of Strategic Management and business policy at the Erasmus University) and Frans van den Bosch (Professor of business studies at the same University).
Dynamic management skills
Broad and deep knowledge base:
Discover opportunities by linking diverse knowledge areas.
High absorption capacity:
pick up signals from outside the own organization.
Broad management denkkaders and experiment drift:
see new ideas and support instead of existing routines to exploit to the extreme.
existing assumptions in a fundamental way questioning.
Management roles with skills development
Vertical management (crosshiërarchische skills):
knowledge at implementation level exploit, skills develop from the bottom up. This, unlike the traditional division of labour: exploration, exploitation by the top in the layers below.
Horizontal management (crossfunctionele skills):
knowledge sharing between hierarchical separated departments.
Ideological management (cross-cultural skills):
ideological control. Example Hewlett-Packard: “Thou shalt not kill ideas for new products.”
Innovative organisation principles
Managing internal change speeds:
continuous monitoring of changes in the external environment and the internal processes there on tuning. Send on a balanced internal-external perspective.
have confidence in rationality of individuals and departments. Unlike the ‘ management and command ‘ philosophy of the traditional hierarchical bureaucracy. Of result checks to process checks.
Tuning operation with high levels of exploration:
Balancing innovation and knowledge creation (exploration) with improvements in productivity, process improvements and efficiency (exploitation).
preference for short-term successes.
too much invest in hypes and fashion trends.