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links for 2009-10-03

03 Oct
  • Firms exist at least partly because they serve to reduce transaction costs. They could borrow capital cheaply, obtain global reach and scale, attract and retain staff by the provision of pay and benefits. At least that was the theory; over the years those advantages have dwindled…So yes, firms are changing.
    Despite all that change, some things haven’t changed. Management structures exist to define and agree objectives, to prioritise activities in the context of those objectives, to allocate scarce resources to the completion of those objectives, to monitor feedback on performance and to intervene when and where appropriate, to fix problems, overcome obstacles, resolve conflicts.
    Maybe some of that is now changing as well…The contract of employment is under stress and will change. But not immediately.
    What may change sooner is the way tasks and resources meet each other:
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Posted by on October 3, 2009 in Links

 

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