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

[Mark Janssen]

This is a great example at just how far off the mainline business
culture is.  Even after the Internet revolution, they still hardly
have learned a thing.  Fucking amazing.  This write-up is like some
old-time newspaper jounalist describing the Internet as a popular
"fad" with some "interesting innovations".

marcos

On Mon, Jul 4, 2011 at 6:14 AM, 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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