As Alan Murray of The Wall Street Journal discusses, we could be witnessing the end of "Modern" management as we know it. With so much work today being done online in the cloud, change in everything we do is rapidly accelerating.
Murray mentions some of the great corporate managers of the 20th century, such as Henry Ford and Harold Green, but then discusses arguably the last great corporate builder, General Electric's Jack Welch, who himself strayed from the typical corporate structure. Now we have companies, such as Google with Larry Page and Sergey Brin, completely reinventing the idea of business and the corporation.
Resource allocation is one of the biggest challenges, along with being able to motivate and inspire workers. "The new model will have to instill in workers the kind of drive and creativity and innovative spirit more commonly found among entrepreneurs. It will have to push power and decision-making down the organization as much as possible, rather than leave it concentrated at the top."
For more from Alan Murray, click here...