Management

Explore, exploit and innovation

Almost any activity required time of exploration (innovation) following with exploitation. Exploration is the process of learning the landscape by making mistakes. Exploitation is the process of using the gathered information to take action. When organizations find themselves in continuous change business landscape, they need to spend most of time in exploration. How can we do it when

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Industry 4.0 will change management and organization structure

Industry 4.0 is a revolution will require companies to use agile management. Every industrial revolution changed the management and structure of companies and business. So far, the even revolution brought significant changes than the odd industrial revolutions. The 4th industrial revolution will transform occupations, the same as the 2nd industrial revolution did. This change will create

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Using Fractals as a Principle to Run Organizations

Fractals are one of the main characteristics of chaos and are a useful concept for organizations. Fractals are an amazing complex geometric figure created by applying simple rules on a simple geometric structure. The never-ending patterns that freckles use are a basic principle that can be found anywhere around us (from leaves to clouds). Fractals are structures that contain one

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