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

[Michel Bauwens]

exactly, seems like an article from the late 80s <g>

On Tue, Jul 5, 2011 at 3:43 AM, Mark Janssen <dreamingforward at gmail.com>wrote:

> 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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