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PROFESSOR ROBIN MATTHEWS KINGSTON UNIVERSITY BUSINESS SCHOOL LONDON

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Presentation on theme: "PROFESSOR ROBIN MATTHEWS KINGSTON UNIVERSITY BUSINESS SCHOOL LONDON"— Presentation transcript:

1 Presentation on change evolution and competitive landscapes (created March 2017)
PROFESSOR ROBIN MATTHEWS KINGSTON UNIVERSITY BUSINESS SCHOOL LONDON ACADEMY OF NATIONAL ECONOMY MOSCOW MOSI YOSHKAR-OLA ECONOMIC STRATEGIES PRESIDENT OF THE LEAGUE OF CORPORATE STRATEGY AND ACCOUNTING http/ 1/18/2019 robindcmatthews.com

2 From Bettis RA, Hitt MA The New Competitive Landscape. Strategic Management Journal 16 : 7-19.

3 Evolution and change distinction TYPES OF SYSTEM CHANGE
TTYPES OF ypest Random no pattern Normal distribution Bell shaped or approximately so Fat tailed distributions change on all scales possible; Black Swans Deterministic predictable iff imformation perfect Chaotic Deterministic but CDIC Catastrophic Singularity and great extinctions Self ordered criticality Attraction to tipping points; major (phase) transitions. TYPES OF SYSTEM CHANGE distinction change Evolution 1/18/2019

4 ADAPTATION; BARRIERS Organizational grammar Tradeoffs: Barriers
exploration/exploitation, adaptation/control, stability/flexibility Barriers Expertism: Experience, safe pair of hands, neurons that fire together wire together, mind sets Complexity catastrophe: complex networks, percolation, (SDIC perhaps),TBTF Path dependence: opportunities, leverage, resource/asset base Overcoming barriers Autonomy, hierarchy, diversity tradeoffs again

5 CHROMOSOMES ARE LONG STRANDS OF DNA GENES ARE CHUNKS OF DNA THAT ENCODE INFORMATION ABOUT TRAITS

6 Individual mindsets and group culture
Heredity and environment Epigenisis SOCIOGENETIC EVOLUTION (Co-operation) cultural change is the statistical product of the separate be-havioral responses of large numbers of human beings who cope as best they can with social existence. SITUATIONALISM (contingency) Do the leader/manager characteristic and behaviour (resulting from genetics/biology/sociobiology/evolutionary biology fit the particular circumstances? TOLSTOYISM Events and outcomes are largely determined by the effects of random events on complex adaptive systems TRANSFORMATIONALISM

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14 appendix Aspects of evolutionary change

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16 NATURAL SELECTION Natural selection operates at the phenotype level and affects the gene pool of a population – the genotype level Gene pools of a population are also affected by random mutations and genetic drift Darwin conceived of evolution as a very slow incremental process Eldridge and Gould added sudden or punctuated equilibrium to the evolutionary process. We must take account of what slow and sudden mean in evolutionary time. Transmission to future generations depends on Mendelian or genetic processes. Darwin was influenced by Thomas Malthus Evolution at the biological and cultural level interact (memes) The idea of natural selection in a distorted form appears as versions of competition and competitive advantage in airport style textbooks and the popular press.

17 Selected References Beinhocker, Eric D. "On the Origin of Strategies." The McKinsey Quarterly. McKinsey & Company, Inc., 22 Sept Web. 03 Mar Beinhocker, Eric D. “The Adaptable Corporation.” McKinsey Quarterly, , Pp [Electronic Resource]." Beinhocker, E. - The Adaptable Corporation. McKinsey Quarterly, , Pp | University of South Wales. N.p., n.d. Web. 03 Mar Matthews, Robin “Aspects of global business.” and “Globalisation, extreme events and Brexit.” at Robindcmatthews.com


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