This document discusses the changing nature of teams and work in the 21st century due to exponential innovation and uncertainty. It notes that while productivity has increased, it has become harder to get returns on assets. The document contrasts traditional hierarchical organizational structures designed for execution with newer networked structures designed for learning and adapting to change. It proposes five guiding principles for organizations in this new environment: being purpose-driven, using networks over hierarchies, consent-based self-management, responding to change over following plans, and defaulting to openness.
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