A speaker argues organizations should abandon traditional management and let markets select winners instead. Rather than controlling outcomes, companies should align with self-organizing market processes that naturally reward productive patterns.
The best word right now is to replace management by market selection. Okay. The customer's going to decide, the customer selects. And this is consistent with all the modern science in complex systems theory, that the system selects the patterns within it that are most useful or most productive or, or produce the most value. So we've got to stop managing and let the market select and figure out how we align with that.
How Can You Maximize Your Business Value Before Selling? with Randy Katz Video
