Decentralized networks can adapt quickly to change from "summary" of The Starfish and the Spider by Ori Brafman,Rod A. Beckstrom
When it comes to adapting to change, centralized organizations often find themselves at a disadvantage. This is because decision-making is typically concentrated in the hands of a few individuals at the top, making it difficult for these organizations to pivot quickly in response to shifting circumstances. In contrast, decentralized networks have a distinct advantage in this regard. By distributing decision-making power across a wide network of participants, these organizations are better equipped to adapt swiftly to changing conditions. The key to the decentralized network's ability to adapt lies in its structure. Unlike centralized organizations, which have a hierarchical and top-down approach to management, decentralized networks operate in a more organic and bottom-up manner. This means that decisions are made at the local level by individual members, rather than being dictated from above. As a result, decentralized networks can respond rapidly to new information...Similar Posts
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