Monthly Archive for July, 2011

Connecting the Dots

From Cosma Shalizi, American Scientist

David Easley and Jon Kleinberg’s Networks, Crowds, and Markets is one of the first textbooks on what could reasonably be called network science—the study of networks of semiautonomous but interdependent units and of the way those networks shape both the behavior of individuals and the large-scale patterns that emerge from small-scale interactions. This is, of course, a very broad description, and it’s not at all obvious that a single book should try to explain, within a common framework, information search on the Web, the spread of epidemic diseases, patterns of scientific collaboration, and much else besides. That these topics are grouped together not by rambling paranoiacs (who find connections everywhere), but by sober, mathematically minded scientists, employing a common and coherent set of concepts, testifies to a remarkable change in perception over the past few decades among scientists and the general educated public: We now see networks everywhere.

Studies dealing with what we now recognize to be social networks go back to the years around 1900, when political economists, social reformers and muckraking journalists began looking at interlocking directorates of corporate boards and other institutions through which the ruling classes (as they were then called) coordinated their actions without actually having an executive committee. People spoke of “social circles.” By the 1950s, sociologists had a notion of social networks, a concept that had a small band of enthusiastic devotees but was an esoteric idea even within mathematical social science. Even 25 years ago, the idea of networks as a form of social organization was reasonably avant-garde. (One can trace some of this evolution in Linton C. Freeman’s 2004 book, The Development of Social Network Analysis, but a proper history of the “network” concept has not yet been written.)

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Why Is The World Run By Bean Counters?

From Steve Denning, Forbes

A colleague asked me not so long ago: “Why is the world run by bean counters?” Interesting question.

My take is that for the last 150 years, Western culture has been in the grip of left-brain thinking, and manipulating people like things. This made sense as long as there were huge economic gains that came from it. So the bean counters, the accountants, the economists, the green eyeshade people were on top of the world. They were good at counting things. The economics was on their side. They were masters of the universe. They were perfectly adapted to this way of running the world.

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Aiming High

From The Economist

There are few divisions of the book industry with a worse reputation than business publishing. Hundreds if not thousands of business books come out every year, all with glowing press releases and effervescent puffs. Literary editors tend to consign them straight to the bin.

This is understandable. An astonishing number are worthless. Celebrity CEOs blow their trumpets, consultants market miracle cures, self-help gurus promise that you can grow rich by working four hours a week. Wait a few months: the CEOs have been caught with their hands in the till, the miracle cures are poisons, the self-help gurus bankrupt. What remains is a tangle of jargon-ridden prose.

Understandable but wrong. It is silly to dismiss a whole genre just because so many business books are bad. There are some excellent titles in among the dross: CEO biographies that capture something essential about business, useful prescriptions for restoring companies to health, even self-help books that help make sense of the contradictory pressures of modern corporate life. The average employed person in the West spends more waking time in the office than at home, so it makes no sense to be so dismissive of writers who focus on such an important activity.

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A Brief History of the Corporation: 1600 to 2100

From Venkat, Ribbon Farm

On 8 June, a Scottish banker named Alexander Fordyce shorted the collapsing Company’s shares in the London markets. But a momentary bounce-back in the stock ruined his plans, and he skipped town leaving £550,000 in debt. Much of this was owed to the Ayr Bank, which imploded. In less than three weeks, another 30 banks collapsed across Europe, bringing trade to a standstill. On July 15, the directors of the Company applied to the Bank of England for a £400,000 loan. Two weeks later, they wanted another £300,000. By August, the directors wanted a £1 million bailout.  The news began leaking out and seemingly contrite executives, running from angry shareholders, faced furious Parliament members. By January, the terms of a comprehensive bailout were worked out, and the British government inserted its czars into the Company’s management to ensure compliance with its terms.

If this sounds eerily familiar, it shouldn’t. The year was 1772, exactly 239 years ago today, the apogee of power for the corporation as a business construct. The company was the British East India company (EIC). The bubble that burst was the East India Bubble. Between the founding of the EIC in 1600 and the post-subprime world of 2011, the idea of the corporation was born, matured, over-extended, reined-in, refined, patched, updated, over-extended again, propped-up and finally widely declared to be obsolete. Between 2011 and 2100, it will decline — hopefully gracefully — into a well-behaved retiree on the economic scene.

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Management Journal, Volume 10 complete

management_frontThe final issue of  Volume 10 of  The International Journal of Knowledge, Culture and Change Management has now been published.

Volume 10, Number 12 contains:

Continue reading ‘Management Journal, Volume 10 complete’

Twelfth International Conference on Knowledge, Culture and Change Management

6-8 July, 2012
University Center, Chicago, USA
www.ManagementConference.com

Call for Papers

If you intend to present a paper at the conference, your participation
begins with submission of a paper proposal. For information on proposals,
presentation types, and other options, click here.

To submit a proposal see, click here.

Please note that if your proposal is accepted, you will then need to register for the conference.

Registration

Those who submit paper proposals should register following the acceptance of
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at any time. For registration options or to register for the 2011
Management Conference, click here.

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