<meta http-equiv="content-type" content="text/html; charset=utf-8"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 19px; ">Excerpt from Wall Street Journal :</span><div>
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 19px; "><br></span></div><div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 19px; "><b><i>"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."</i></b></span></div>
<div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 19px; "><b><i><br></i></b></span></div><div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 19px; "><b><i><meta http-equiv="content-type" content="text/html; charset=utf-8"><a href="http://online.wsj.com/article_email/SB10001424052748704476104575439723695579664-lMyQjAxMTAwMDIwMjEyNDIyWj.html#">http://online.wsj.com/article_email/SB10001424052748704476104575439723695579664-lMyQjAxMTAwMDIwMjEyNDIyWj.html#</a></i></b></span></div>
<div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 19px; "><b><br></b></span></div><div><i><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 19px; "><b>"...</b></span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 19px; ">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"</span></i></div>
<div><i><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 19px; "><br></span></i></div><div><i><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 19px; ">"</span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 19px; ">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."</span></i></div>
<div><i><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 19px; "><b><br></b></span></i></div><div><b><i><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 19px; ">"</span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 19px; ">�...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."</span></i></b></div>
<div><b><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 19px; "><i><br></i></span></b></div><div><i><b><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 19px; ">"</span></b><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 19px; ">In addition to resource allocation, there's the even bigger challenge of <b>creating structures that motivate and inspire workers</b>. There's plenty of evidence that most workers in today's complex organizations are simply not engaged in their work."</span></i></div>
<div><i><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 19px; "><br></span></i></div><div><i><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 19px; "><meta http-equiv="content-type" content="text/html; charset=utf-8">"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 <b>push power and decision-making down the organization as much as possible</b>, rather than leave it concentrated at the top. Traditional bureaucratic structures will have to be replaced with <b>something more like ad-hoc teams of peers, who come together to tackle individual projects, and then disband.</b>"</span></i></div>
<div><i><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 19px; "><br></span></i></div><div><i><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 19px; "><meta http-equiv="content-type" content="text/html; charset=utf-8"><span class="Apple-style-span" style="font-size: 10px; line-height: 10px; "><p style="text-align: left; margin-top: 0px; margin-right: 8px; margin-bottom: 1em; margin-left: 8px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 1.3em; line-height: 1.5em; display: block; ">
<b>"Information gathering also needs to be broader and more inclusive."</b><span class="Apple-style-span" style="font-style: normal;">�</span></p><p style="text-align: left; margin-top: 0px; margin-right: 8px; margin-bottom: 1em; margin-left: 8px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 1.3em; line-height: 1.5em; display: block; ">
<b>"New mechanisms will have to be created for harnessing the "wisdom of crowds." "</b></p><p style="text-align: left; margin-top: 0px; margin-right: 8px; margin-bottom: 1em; margin-left: 8px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 1.3em; line-height: 1.5em; display: block; ">
<b>"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."</b></p>
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