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

[Michel Bauwens]

I would suggest this is NOT what we want, but rather an extreme
neoliberalisation and marketisation of the internal life of the enterprise
...

Michel

On Mon, Jul 4, 2011 at 7:14 PM, Dante-Gabryell Monson <
dante.monson at gmail.com> wrote:

> 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."*
> *
> *
> *
> http://online.wsj.com/article_email/SB10001424052748704476104575439723695579664-lMyQjAxMTAwMDIwMjEyNDIyWj.html#
> *
> *
> *
> *"...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"*
> *
> *
> *"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."*
> *
> *
> *" ...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."*
> *
> *
> *"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."*
> *
> *
> *"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."*
> *
> *
> *
>
> "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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