Thursday, September 16, 2010

The End of Management -
Are efforts like Open History Project the "new 21st Century organization"? What about and the dreams we have for it and its sister sites?
"British economist Ronald Coase laid out the basic logic of the managed corporation in his 1937 work, "The Nature of the Firm." He argued corporations were necessary because of what he called "transaction costs." It was simply too complicated and too costly
to search for and find the right worker at the right moment for any given task, or to search for supplies, or to renegotiate prices, ...

"Mr. Coase received his Nobel Prize in 1991—the very dawn of the Internet age. Since then, the ability of human beings on different continents and with vastly different skills and interests to work together and coordinate complex tasks has taken quantum leaps. Complicated enterprises, like maintaining Wikipedia or building a Linux operating system, now can be accomplished with little or no corporate management structure at all."

No comments: