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Business will be different in 5 years - fundamentally differe...

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Saved by 2 people (0 private), first by anonymouse user on 2009-03-14


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Companies are increasingly working in networks, whether they be loosely coupled or tightly integrated, because of technology and the globalisation that technology has brought with it.

Highlighted by driessen

In an era when great ideas can sprout from any corner of the world and IT has dramatically reduced the cost of accessing them, it's now conventional wisdom that virtually no company should innovate on its own. ...

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As McAfee points out, it's in this ever-changing technology context that management is being pressed more than ever to rethink the boundary between (i) control -> dictating how things will be executed and by who and (ii) autonomy -> allowing people to organise themselves and seeing what emerges.

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The wisdom of crowds argument is that you can operate a company by consensus, which is, indeed, how Google operates.  ...

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4.Feedback is central to this system as it is critical to learning and adaptation.

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