2 Posts found for Author: 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

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