Traditional vs Exploratory
Approaches to Growth
Most
corporate managers manage an
existing business where the planning
context is purpose driven: Analyze
the current situation, update the
Plan to reflect the analysis and
corporate targets, then Execute.
Success is measured by the accuracy
of projections with the result
companies set their sights lower,
settling for incremental gains
because they are more likely to
provide the highest return in the
short term.

Contrast this control mindset with
one designed for exploration and
innovative growth. In this
‘entrepreneurial’ paradigm the focus
shifts from predictive to discovery.

It
is first about thinking big,
imagining beyond the comfort of the
familiar.
Execution is about reducing
uncertainty, as fast and
economically as possible, and
adapting the opportunity to new
learning.
Change is expected and embraced as the
opportunity evolves.
Success is measured by how well
the initiative, whether it be a
new growth strategy or a new
product, reflects market
realities.
To
help organizations adopt an
Imagine -> De-risk -> Adapt
mindset we us a proprietary
toolkit -
Critical
Assumption Planningsm.


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