Anti-Visionaries

F. Scott Fitzgerald wrote that the true test of a first-rate mind is the ability to hold two contradictory ideas at the same time. Wise executives are now trying to reconcile two wildly differing points of view.

One is that of creative chaos, as enunciated by Joseph A. Schumpeter. The great Schumpeter argued that you have to keep your company in a perennial cycle of self-destruction and renewal.

That outlook was popular back in 1999, when firms went through so many self-inflicted convulsions that they resembled China during the cultural revolution.

Then there is the more practical idea: