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This internationally recognized innovation expert asserts that today's organizations need a powerful new operating system to address the challenges posed by mounting complexity and rapid change.

As a consultant to companies seeking to re-invigorate the innovation process, the author can describe how they have implemented the dual operating system – a network and a hierarchy – that he advocates.

When organizations are dangerously slow to adapt to competitive threats and to pursue promising innovations, the solution to, which has been adopted successfully by many organizations, is to add a second operating system that is organized as a network that can create agility and speed.

The author explains how all successful organizations operate with a dual system more or less during the most dynamic growth period in their life cycle, so a dual operating system will be somewhat familiar to veteran leaders.

The organization's top management plays a crucial role in starting and maintaining the network and managing its communications with the hierarchy. For senior practitioners, the author describes the five basic principles of a well-functioning dual operating system.

This interview aims to illuminate some of the implementation issues inherent in a new conceptual approach to managing change offered by John P. Kotter. His very promising and compelling idea is a dual operating system, comprised of a traditional management-driven hierarchy focused on delivering day-to-day performance and a strategic accelerator network focused on innovation and agility.

Kotter, a noted change management expert and Harvard professor emeritus, is questioned about his dual operating system concept by veteran strategist and author Brian Leavy.

Looking back, at some stage in almost every corporate history, network and hierarchy will be found to have co-existed symbiotically for some period of time before the traditional tendency for the hierarchy to dominate eventually took over. In effect, the network half of the dual operating system mimics “successful enterprises in their entrepreneurial phase,” where initiatives and sub-initiatives typically “coalesce and disband as needed.”

Kotter’s fieldwork has found that in even the most un-entrepreneurial organizations, there is 5 percent of the workforce that has the energy and desire, if organized correctly, to be an entrepreneurial force.

By asking Kotter some hard questions about implementation, the interview provides executives with a fuller view about how a dual operating system would address change management in their firm.

This study examines the impact of the regulatory and supervisory environment on the risk-taking behaviour of Islamic banks. The impact of the heterogeneous nature of the banking environment in the sampled countries is also considered.

A dynamic panel data analysis with system GMM estimators was used with a sample consisting of 120 Islamic banks from 21 countries for the period 2000-2013.

The results demonstrate that main regulation and supervision proxies have significant negative effects on risk levels of Islamic banks, which implies that further restricted regulatory and supervisory environment can lower risk levels of Islamic banks. In addition, the Islamic banks operating under the dual banking system seem to prefer to take a lower risk. Furthermore, the results identify that a stable political environment encourages Islamic banks to take higher risks in their operations.

In addition to examining the common factors, the empirical analysis in this study is extended to the investigation of the effects of several political indicators on risk-taking behaviour of Islamic banks, which should be considered as an important contribution.

In this Masterclass Prof Leavy considers some game changing advice about how to manage the fundamental challenges of the spread of hyper-competition and speed at which knowledge advantages now typically erode. His intent is to advance the dialogue among the corporate strategy, innovation, leadership and entrepreneurship functions.

The concepts and tools of three new books are studied closely: in The End of Competitive Advantage, strategy and innovation guru Rita Gunther McGrath offers a strategy playbook for what she calls the new “transient advantage economy; in Accelerate, change leadership researcher, John Kotter, makes the case for developing a new “strategy operating system” to run in tandem with the traditional “performance operating system,” so that renewal can become continuous rather than episodic; and in The Good Struggle, leadership and ethics expert, Joseph Badarraco turns to five enduring questions of responsible leadership and looks for the emerging answers that might offer the most valuable guidance to leaders now having to operate in today’s recombinant environment.

The perspectives provided can help leaders raise the odds of working successfully and responsibly in the exciting, uncertain, recombinant, market-driven world that now surrounds us all.

Clearly, not only do companies have to be become ever more adaptable, but ever more innovative. Lessons in how to do so are offered and exemplars are examined.

The article looks at three management compentencies-strategy making, organization building and enlightened leadership – in the context of the disruptive, hypercompetitive environment of transient advantage.

This study aims to empirically investigate the impact of political instability on the banking stability of the dual banking system in the Middle East and North African (MENA) countries.

The study measures banking stability with probability of default (PD) and Zscore by employing the generalised method of moment (GMM) between 2007 and 2021 on the dual banking system in the region. The authors further estimate short-long-run situations coupled with a robustness test using a generalised least square (GLS) model.

The authors' findings indicate that institutional factors of political stability, crisis period, high-crisis countries, law and order and macroeconomic indicators influence the two types of banking stability in the region. The authors found the consistency of the factors explaining stability in the region in both short-and long-run situations. Consequently, the study also reveals the adverse effects of crisis periods and high-crisis countries on banking stability.

The results of this study explicitly identify the critical need for sustaining political stability and abiding by laws and order to achieve dual banking stability in the region. Therefore, policymakers may consider allowing the region's banks to operate beyond retail banking since diversification enhances banking stability.

The authors' study balances by employing dual stability measurement in predicting the impact of political instability, law and order and other indicators on the MENA region's two banking models. This study uncovers the effect of the global crisis period on banking stability and high-crisis countries in the region and verifies the models' robustness.

The purpose of this manuscript is to present a novel, compact and ultra-thin “3”-shaped monopole antenna for wireless operations in the laptop computer. The thickness of the antenna is only 0.2 mm and is designed using only a pure copper strip of size 17.5 × 6 mm².

The simple structure of the proposed antenna consists of two monopole radiating strips, namely, AC and CD and an open-ended rectangular tuning stub BE of length 9mm.

This structure inspires two resonating modes at 3.45 and 5.5 GHz and achieves the measured impedance band width as 20% (3.21-3.91) GHz in lower band (F_l) and 15% (5.05-5.85) GHz in the upper band (F_u) for voltage standing wave ratio < 2. These two bands cover 5GHz wireless local area network (WLAN) and 3.3-3.6GHz (sub 6GHz) 5G bands. The measured radiation performance including, nearly omnidirectional radiation patterns, a stable gain of around 5 dBi and excellent efficiency around 90% in both operating bands have been achieved. Furthermore, a simplified equivalent circuit model has been derived and its simulation is performed. The simulated and measured results are in good agreement, which demonstrates the applicability of the antenna structure for WiMAX/WLAN operations in the prominent ultra-thin laptop computers.

The proposed antenna is designed without using any reactive elements, vias or matching circuits for excitation of WLAN and 5G bands in the laptop computers. The design also does not require any additional ground for mounting the antenna. The proposed antenna has a very low profile, is ultra-thin, cost-effective, easy to manufacture and can be easily embedded inside next generation laptop computers.

This study aims to empirically investigate the impact of oil prices, political instability and changes in stability on the bank diversification of the two types of banking systems in the Middle East and North African (MENA) countries.

The study uses bank diversification, stability measurement of probability of default and Zscore by adopting the generalised method of moment for the data between 2007 and 2021. The authors estimate short- and long-run dynamic panel analysis and a robustness test.

The findings reveal that Islamic banks are slightly lower in diversification and stability than conventional peers in the region. Diversification increases with a positive increase in GDP growth, law and order, political stability, bank size, asset quality, oil price, return on equity, profitability and change in banking asset-based stability. The authors found consistency in the two stability measurements in both short- and long-run situations.

Despite the change in banking stability and economic growth and oil prices improved diversification, banks in the region are not diversifying during the crisis period and political instability. Therefore, policymakers should improve mechanisms to monitor the crisis and political unrest to avoid the systemic risk that adversely affects the system through macro-financial linkages in the region.

This study uses change dual stability measurements and oil prices to predict MENA region bank diversification. The authors extended the banking literature by estimating the relationship between crisis periods, political and banking stability, oil prices and other institutional indicators of banking diversification. This study uncovers the effect of the global crisis period on banking diversification and the impact of banking stability changes and validates the models through robustness tests.

A parallel‐processor computer contains multiple CPUs that share such system resources as memory and disk storage. A parallel‐processor computer is expanded not by adding another computer, but by plugging another CPU into the computer. This technology offers expandability, compact size, high performance, high reliability, and moderate cost. The Sequent Balance Parallel‐Processor Computer is described in some detail. A fully configured Balance 21000 can execute 21 MIPS (million instructions per second). It implements the UNIX operating system, which has been widely adopted. As a result, many software packages for word processing and other applications are available from third‐party vendors. Performance tests conducted by CLSI, Inc. indicate that twenty concurrent users on a parallel‐processor system can perform CPU‐intense functions up to seven times faster than on a single‐processor system.

The author observes that as customer-focused innovation takes hold in more and more industries, the result is a business environment that is coming to be known as “the Creative Economy,” an operating arena with unique “physics” that successful practitioners are beginning to be able to describe.

The author interprets the insights of both a successful serial entrepreneur and cutting-edge academics to shed fresh light on how to distinguish between real and false opportunities and threats in the new operating environment of the Creative Economy.

The author examines serial entrepreneur Peter Thiel’s seven – sometimes surprising – tools for implementing market-making innovation in the Creative Economy. They are, “the seven questions that every market-creating business must answer.”

A key insight of the article is that “All truly successful market-creating firms are de facto monopolies.”

For both practitioners and academics, the article provides a guide to assessing market-making innovations and connects the experience of successful entrepreneurs with new conceptual models by thought leaders like John P. Kotter and Clayton Christensen.