James Surowiecki, Viktor Mayer-Schönberger, Thomas Ramge
It’s easier than ever to enter into, and successfully monitor, partnerships, and to outsource even core corporate functions to outside players. Intermediaries and brokers are less important. As a result, the transaction costs of doing business outside corporate walls are falling, which means that the economic case for the traditional big corporation (which exists in large part because of its ability to coordinate production with … [ Read more ]
Content: Quotation | Authors: James Surowiecki, Thomas Ramge, Viktor Mayer-Schönberger | Source: “strategy+business” | Subjects: Economics, IT / Technology / E-Business, Strategy
James Surowiecki, Viktor Mayer-Schönberger, Thomas Ramge
What we are witnessing, they contend, is the advent of an economy in which data matters far more than capital, a change that represents “a fundamental reorganization of our economy.”
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Up to this point, we’ve used price as the key determinant of how resources are allocated — what we make, how much of it we make, what we invest in, and so on. We’ve done this … [ Read more ]
Content: Quotation | Authors: James Surowiecki, Thomas Ramge, Viktor Mayer-Schönberger | Source: “strategy+business” | Subjects: IT / Technology / E-Business, Management, Marketing / Sales
The Wisdom of Crowds: Why the Many Are Smarter Than the Few and How Collective Wisdom Shapes Business, Economies, Societies a
While our culture generally trusts experts and distrusts the wisdom of the masses, New Yorker business columnist Surowiecki argues that “under the right circumstances, groups are remarkably intelligent, and are often smarter than the smartest people in them.” To support this almost counterintuitive proposition, Surowiecki explores problems involving cognition (we’re all trying to identify a correct answer), coordination (we need to synchronize our individual activities … [ Read more ]
Content: Book | Author: James Surowiecki | Subjects: Economics, Organizational Behavior
The Myth of Corporate Synergy
It’s a slippery concept, synergy. Few really understand it. Yet the word is thrown around to justify all big mergers today. Too bad it’s a baseless idea.
Content: Article | Author: James Surowiecki | Source: “MBA Jungle” | Subject: Strategy