Entrepreneurs in Every Generation

Chapter 6

DEVELOPING ENTREPRENEURIAL ORGANIZATIONS

Redesigning a successful enterprise to accomplish new strategic objectives is hard. A recent McKinsey study found that 60 percent of a large group of global executives had tried organizational redesigns within the past two years but less than 25 percent of their efforts had succeeded.¹ Enterprising families with a long-term orientation, determined to foster all levels of innovation—incremental, progressive, and breakthrough—while maintaining the core business find ways to accomplish this challenging task. It takes more than selecting some of the organizational characteristics that promote innovation and announcing them. Effective redesign and implementation requires careful planning linked to ...