Read e-book online Management Education in the Network Economy: Its Context, PDF

By P. J. van Baalen, L. T. Moratis (auth.)

In the community financial system, techniques of administration wisdom, administration studying, and company university association may still swap. another way, they won't live on the twenty first century. varied (f)actors are placing new call for upon companies of administration schooling and standard services of administration schooling are confronted with new rivals. additionally, the dynamics of the enjoying box have replaced, as have methods to (management) studying. Management schooling inthe community Economy proposes the assumption of networked company university to deal with those demanding situations. The publication bargains with the subsequent matters: 1) present monetary and organizational realities can most sensible be seen from the point of view of community association; administration wisdom and schooling may still replicate those alterations to outlive. 2) the assumption and association of (management) studying are revolutionizing, in addition to the marketplace for (management) schooling, which brings approximately large adjustments for enterprise faculties. three) company institution, relatively, should still capitalize on those variations and will strategically (re)organize and (re)position themselves to compete within the enjoying box for administration schooling. four) A networked studying atmosphere is an integrative and powerful studying surroundings for organizing administration schooling within the twenty first century community economic climate. five) The networked company college is the organizational shape to outlive within the twenty first century community financial system, reflecting the environmental alterations and calls for, and to gain a aggressive area within the box of administration education.

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The new economics of information is about the prevalence of new technologies, connectivity, and the emergence of shared platforms and common standards and is redefining organizational principles and business practices. When separating information from its physical carrier, the new technologies make it possible not to let richness prevail at the expense of reach and vice versa. The trade-off is being blown-up. At the core of this idea lies the observation that information and knowledge form the glue that holds together value chains, supply chains, organizations, and society together.

How can the vast and seemingly irrational growth of the information sector be explained, then? THE NEW ECONOMY 31 At the heart of the answer to this question lies the simple observation that it is the need for attention. This intrinsically scarce and desirable 'good' is the clear motivation and principle for contemporary economic functioning. Goldhaber says: '"The real promise of'the Web and the net and the like. tulfil. 'f'; the ever more pressin}; desire filr attention. To };et attention you must emit what is technically identifiable as injilrrrUition; likewisefilr infilrmation to be 01' any value.

The term paradigm refers to the cluster of interrelated technical, organizational, and managerial innovations, which commence new ways of doing business and management. The contemporary change of paradigm can be seen as a shift from a technology based primarily on cheap inputs of energy to one predominantly based on cheap inputs of information derived from advances in microelectronic and telecommunications technology (see Castells, 36 CHAPTER 3 1996: 60-61). Next to technological structures, it also brings with it new social structures, since it provides an organizational logic of global networks of capital, wealth, power, knowledge, information, and symbols around which important social functions are being organized.

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