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Essential Books to Learn about Adapting the Firm’s Strategy to the External Environment; Getting Started

In: The Future-Ready Leader

Author

Listed:
  • Peter Lorange

    (IMD)

  • Karin Mugnaini

    (IMD)

Abstract

The author makes the distinction between tight ways of managing and controlling in contrast to loose approaches. This could be applied to corporations (Daimler, Chrysler, Mitsibushi—tight, versus Microsoft—loose), as well as to countries (Germany—tight; France—loose) or even to regions (California—loose; Texas—tight). The author develops this distinction further, to distinguish between flexible tightness and structured looseness. There seem to be at least three classes of issues that could determine which side of this tradeoff to settle on: norms and preferences applying to oneself: am I cautious, controllable or rather adventurous and impulsive, and do I prefer good order or do I prefer less structure and more tolerance for ambiguity. For businesses that operate internationally in particular, to run operations relatively decentralized so that each country might be allowed to run itself in a fairly tight way, while other countries in the same firm may be run relatively loosely.

Suggested Citation

  • Peter Lorange & Karin Mugnaini, 2023. "Essential Books to Learn about Adapting the Firm’s Strategy to the External Environment; Getting Started," Springer Books, in: The Future-Ready Leader, chapter 8, pages 51-83, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-45090-7_8
    DOI: 10.1007/978-3-031-45090-7_8
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