Economic Perspectives with Hopeton Hay on KAZI 88.7 FM in Austin, TX

Archive for November, 2011

Co-Author of Great By Choice Guest on November 28 Economic Perspectives

Posted by Hopeton on November 27, 2011

Morten Hansen, co-author of Great By Choice: Uncertainty Chaos and Luck—Why Some Thrive Despite Them All, will be a guest on the November 28 edition of Economic Perspectives on KAZI 88.7 FM.  Listen live online at kazifm.org.

In Great By Choice, Hansen and co-author Jim Collins answer the question why do some companies thrive in uncertainty, even chaos, and others do not.  They enumerate the principles for building a truly great enterprise in unpredictable, tumultuous, and fast-moving times.

The new study: Great by Choice distinguishes itself from Collins’s prior work by its focus on the type of unstable environments faced by leaders today.

The new findings:

  • The best leaders were more disciplined, more empirical, and more paranoid.
  • Following the belief that leading in a “fast world” always requires “fast decisions” and “fast action” is a good way to get killed.
  • The great companies changed less in reaction to a radically changing world than the comparison companies

Morten T. Hansen is a management professor at the University of California, Berkeley (School of Information), and at INSEAD. Formerly a professor at Harvard Business School, Morten holds a PhD from Stanford Graduate School of Business, where he was a Fulbright scholar. He is the author of Collaboration and the winner of the Administrative Science Quarterly Award for exceptional contributions to the field of organization studies. Previously a manager with the Boston Consulting Group, Morten consults and gives talks for companies worldwide. .

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