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Showing posts from December 12, 2013

Is it Better for a Business to Make Radical Change? Or Evolve?

Learn from evolution and copy and replicaterather than create new processes. There are times when a business owner decides that their current model just isn't working as they hoped it would, particularly in the early months and years.  The question becomes, should the entrepreneur just dump what they're doing now?  Or make incremental changes with an end goal in mind?

Research by a University of Hertfordshire Professor of Business Studies published in 2010 states that solutions for many of today's business challenges can be found in evolutionary processes.

According to Professor Geoffrey Hodgson at the University's Business School, businesses which are considering major change at the moment should proceed with caution; they could do better to learn from evolution and copy and replicate rather than create new processes.

"Change needs to be experimental and cautious," said Professor Hodgson. "We have to understand the cost of change. If we look to nature, …