Governing Continuous Transformation: Re-framing the Strategy-Governance Conversation

This book applies the 'free-energy principle' to strategic governance, creating the concept of Free-Energy Governance (FEG). It provides a framework for governing continuous transformation and predicting a firm's potential for entropy, emphasizing the importance of a firm's structure, cognition, and dynamic board capabilities for success in strategic renewal and business innovation.

Format: Hardback
Length: 140 pages
Publication date: 20 May 2022
Publisher: Springer Nature Switzerland AG

This book transposes the 'free-energy principle, as espoused by the neuroscientist Karl Friston, to strategic governance, and forming the new concept of Free-Energy Governance (FEG). This concept lays the foundation for a new logic of governing continuous transformation. In addition to guiding the structure, cognition, and capabilities of success in strategic renewal, FEG provides a systematic and practice-relevant approach to predicting a firm's potential for entropy. Using this new concept, the author shows that the success of continuous strategic renewal and business innovation, elements crucial for firm survival, are determined by the triplet of a firm's structure, cognition, and dynamic board capabilities.

"How to govern large organizations in times of high uncertainty and permanent change? To answer this pressing question, Bijan Khezri has been the first to apply the free energy principle to management science. This book is an eye-opener for every reflective leader.

Professor Oliver Gassmann, Director of the Institute of Management and Technology, University of St. Gallen, said, "I really enjoyed reading this book. It was both exciting and reassuring to see how the same fundamental ideas can be found in fields as disparate as nonequilibrium steady-state physics and theories of governance."

Professor Karl. J. Friston; Director of the Wellcome Centre for Human Neuroimaging, said, "Using a term often applied to best-selling novels, 'it is a page turner in which I learned something new in every chapter! Every board member, all executives, and scholars interested in strategic leadership and governance must read this book if they wish to remain relevant in the coming transformational decades."

Michael A. Hitt, University Distinguished Professor Emeritus, Mays B. Business School, said, "This book is a must-read for anyone who wants to understand the future of governance and leadership. It provides a clear and comprehensive framework for understanding how organizations can navigate the complex and rapidly changing landscape of today's business world."

Weight: 430g
Dimension: 235 x 155 (mm)
ISBN-13: 9783030954727
Edition number: 1st ed. 2022