Ray Stata, chairman of Analog Devices, makes a strong argument that U.S. industry’s most serious competitive problem lies in a declining rate of innovation — and that this decline can be traced more to a lack of management innovation than to weak product or technology innovation. As a member of MIT’s New Management Style Project, Mr. Stata has been applying innovative ideas and systems thinking to improve the performance and competitiveness of his company. His description of that process is unusually interesting in the way that it blends theoretical thinking with real-time problem solving.
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