[P2P-F] Wall Street Journal article : "Weakness of managed corporations"

Mon Jul 4 14:14:34 CEST 2011

Excerpt from Wall Street Journal :

*"The weakness of managed corporations in dealing with accelerating change
is only half the double-flanked attack on traditional notions of corporate
management. The other half comes from the erosion of the fundamental
justification for corporations in the first place."*
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http://online.wsj.com/article_email/SB10001424052748704476104575439723695579664-lMyQjAxMTAwMDIwMjEyNDIyWj.html#
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*"...predict the rise of "mass collaboration" as the new form of economic
organization. They believe corporate hierarchies will disappear, as
individuals are empowered to work together in creating "a new era"*
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*"The new model will have to be more like the marketplace, and less like
corporations of the past. It will need to be flexible, agile, able to
quickly adjust to market developments, and ruthless in reallocating
resources to new opportunities."*
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*" ...the people who control large pools of capital need to act more like
venture capitalists, and less like corporate finance departments. They need
to make lots of bets, not just a few big ones, and they need to be willing
to cut their losses."*
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*"In addition to resource allocation, there's the even bigger
challenge of creating
structures that motivate and inspire workers. There's plenty of evidence
that most workers in today's complex organizations are simply not engaged in
their work."*
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*"The new model will have to instill in workers the kind of drive and
creativity and innovative spirit more commonly found among entrepreneurs. It
will have to push power and decision-making down the organization as much as
possible, rather than leave it concentrated at the top. Traditional
bureaucratic structures will have to be replaced with something more like
ad-hoc teams of peers, who come together to tackle individual projects, and
then disband."*
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"Information gathering also needs to be broader and more inclusive."

"New mechanisms will have to be created for harnessing the "wisdom of
crowds." "

"Can the 20th-century corporation evolve into this new, 21st-century
organization? It won't be easy. The "innovator's dilemma" applies to
management, as well as technology. But the time has come to find out. The
old methods won't last much longer."
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