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

[Phoebe Moore]

Read Ruling Illusions by Anthony Skillen.
On 4 Jul 2011 23:00, "Michel Bauwens" <michelsub2004 at gmail.com> wrote:
> 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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>>
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