Introduction

Organization is a socially legitimate activity that comes its right to exist by economic efficiency and the legitimacy it creates for alone, for its shareholders, and for its wider network of constituencies. It owes its public legitimacy towards the trust this inspires in employees and world at large; to its alliance with governments and other real estate agents in resolving problems of social importance, and to its enduring dedication to providing economic worth that will serve the public good.

The Information Universe

In the industrialized world, you will find two key economic routines or planets: a go to my blog bulk-processing world yielding products that essentially congeal resources with a little knowledge within Marshall's concepts of diminishing returns, and a knowledge-based part of the financial system that makes increasing-returns electronic commodities, like Hewlett-Packard's personal computers. Companies in the knowledge universe often have operations that span both realms. But quite often, high-tech businesses separate the knowledge-based experditions from their bulk-processing ones.

The Management Environment

In the know-how world, competition is definitely not a simple exercise in bargaining but a series of missions to deliver the next technological winner--the next funds cow. In such a milieu, managers have to be even more mission-oriented than production-oriented. They should organize commando units of people--those who are able to deliver the subsequent product that can help a company rich--in small teams that article directly to the CEO or to the board of directors.