Summary: "Starting a business is hard, but keeping an established company going can be equally challenging. In the long run, every business will need to adapt to changing market conditions, technologies, and competitive environments. Achieving Longevity explains how to manage those changes through entrepreneurial thinking. As Jim Dewald shows, the most successful companies thrive by establishing decision-making processes that constantly engage new opportunities, enabling the firm to quickly adapt to disruptive technologies and business models. They allow for tinkering and experimentation and strive to both exploit their competitive advantage today and explore new ideas that will give them an edge tomorrow. Achieving Longevity provides a framework for introducing the tools and culture necessary to foster entrepreneurial thinking, as well as advice on how to overcome common obstacles to corporate entrepreneurship. Drawing on Dr. Dewald's own experience as an entrepreneur, a successful corporate executive, and a professor of strategy, the book offers numerous examples of how to combine the strengths of an established firm with the innovative, outside the box thinking of a start-up venture." from publisher's website.Content Notes:
The current state of the world and corporate longevity. Faster, smaller, cheaper : a time of great change? ; A delicate balance : strategy, entrepreneurship, and longevity ; The problem : firms fail -- The pursuit of corporate longevity. Longevity : the capacity to change ; Entrepreneurial thinking and the human "dual core" ; The micro-foundations of entrepreneurial motivation ; Creating the entrepreneurial organization -- Entrepreneurial thinking in action. Dual-core processing at work ; Barriers to success ; Concluding comments.Notes:
Includes bibliographical references (pages -186) and index.