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jerryking : alfred_chandler   3

What the history of the electric dynamo teaches about the future of the computer.
JUNE 9 2007 6:18 AM
By Tim Harford

David's research also suggests patience. New technology takes time to have a big economic impact. More importantly, businesses and society itself have to adapt before that will happen. Such change is always difficult and, perhaps mercifully, slower than the march of technology.

More recent research from MIT's Erik Brynjolfsson has shown that the history of the dynamo is repeating itself: Companies do not do well if they spend a lot of money on IT projects unless they also radically reorganize to take advantage of the technology. The rewards of success are huge, but the chance of failure is high. That may explain why big IT projects so often fail, and why companies nevertheless keep trying to introduce them.

Brynjolfsson recently commented that the technology currently available is enough to fuel a couple of decades of organizational improvements.
technology  Alfred_Chandler  historians  IT  productivity  productivity_payoffs  Erik_Brynjolfsson  organizational_improvements  organizational_change  organizational_structure  Tim_Harford  business_history 
may 2017 by jerryking
Alfred Chandler, Pulitzer winner, leading business historian - The Boston Globe
May 14, 2007 | Boston Globe | By Mark Feeney, Globe Staff.
Alfred D. Chandler's greatest accomplishment was to " establish business
history as an independent and important area for study,"
Alfred_Chandler  business_history  HBS  historians  obituaries  Pulitzer_Prize 
may 2009 by jerryking
Bankers Need More Skin in the Game: Glassman and Nolan Say Private Partnerships Would Increase Risk Aversion Among Executives - WSJ.com
FEBRUARY 25, 2009 | Wall Street Journal | byJAMES K. GLASSMAN
and WILLIAM T. NOLAN. Op-ed piece.

(1) Partnerships may be a more trustworthy business model than
corporations.
(2) Alfred Chandler, the great business historian, said that "strategy
determines structure." Similarly, structure determines behavior.
Wall_Street  financial  crisis  risk-taking  risk-management  partnerships  financial_institutions  strategy  strategic_thinking  organizational_structure  behaviours  trustworthiness  risk-aversion  risk-preferences  skin_in_the_game  risks  Alfred_Chandler  human_behavior  business_history 
february 2009 by jerryking

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