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Achieving Longevity
Book

Achieving Longevity

How Great Firms Prosper Through Entrepreneurial Thinking

University of Toronto Press, 2016 plus...


Editorial Rating

9

Qualities

  • Innovative
  • Applicable

Recommendation

Most people argue that the rate of change has accelerated. However, University of Calgary strategy professor Jim Dewald makes the case that change actually has slowed markedly compared with the pace of change a century ago, when the motorcar, the telephone and the electric lightbulb shook up the global economy. Since the early 1900s, businesses have concentrated on commoditizing these technologies. If they are rigid, that focus could put them at risk as fundamental changes now further transform technology and the economy. Companies can increase their “longevity” by abandoning rigid forms of strategic planning and encouraging thinking and behavior that boosts innovation. getAbstract recommends Dewald’s provocative thesis to entrepreneurs, business owners and leaders.

Take-Aways

  • Many businesses copy other companies and aren’t innovative, and most executives aren’t prepared for sudden shifts in market conditions.
  • Leaders would like their companies to survive, but few firms earn “longevity.”
  • Businesses can increase their longevity with ideas and behaviors that boost innovation.

About the Author

Jim Dewald is dean of the University of Calgary’s Haskayne School of Business where he is also an associate professor of strategy and entrepreneurship.


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    M. K. 7 years ago
    Many companies fail to recognize the increasing importance of encouraging entrepreneurship and innovation, though.Many also underestimated how important the transition to new business dynamics would be while holding to their strategic focus. A valuable and impactful read.
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    J. M. 7 years ago
    High-level concepts but presented in a highly usable format.