Does your process help you preserve status quo, or deliver some kick-ass skunk works?

Problem-solving in the past has been dominated by methods involving rigorous and meticulous planning and flawless execution – something that has been questioned, largely by results (or rather the absence of it) in the recent years, if that is (still) the best approach when there are so many moving parts and the external world changes in a blink. We frequently ‘blame’ old practices of assembly plant-style waterfall days where it took years to get a project team to jump multiple hoops and just get a project done – in most cases, hopelessly delayed, unacceptable quality and overbudget.