The biology of corporate survival: natural ecosystems hold surprising lessons for business

Citation metadata

Authors: Martin Reeves, Simon Levin and Daichi Ueda
Date: January-February 2016
From: Harvard Business Review(Vol. 94, Issue 1-2)
Publisher: Harvard Business School Press
Document Type: Article
Length: 84 words

Main content

Abstract :

Company life spans are shrinking because firms are not adapting to business environment complexity. Strategic planning too often emphasizes short-term gain rather than long-term growth and sustainability. However, firms, like biological species, are complex adaptive systems that evolve. Six factors drawn from biological complex adaptive systems can improve a firm's robustness. These are: preserving heterogeneity of ideas, endeavors, and people; adhering to a modular structure; anticipating surprise but decreasing uncertainty; maintaining component redundancy; developing adaptive mechanisms and feedback loops; and creating reciprocity and trust.

Source Citation

Source Citation
Reeves, Martin, et al. "The biology of corporate survival: natural ecosystems hold surprising lessons for business." Harvard Business Review, vol. 94, no. 1-2, Jan.-Feb. 2016, pp. 46+. Accessed 28 Jan. 2022.
  

Gale Document Number: GALE|A438641010