Business Administration

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Nexus Management, Leadership, Public Administration, Decision-making, Psychology - Thoughts

Running business


New trend in how to manage social media - social media strategies. Trend that social media is increasing the response by business to CSR. More transparency needed.

Payment-by-results as effective or not. Frederick Taylor in early 1900s turned it into a corner stone of business management - it helps retain talent, motivates people etc. However strong critique by e.g. Daniel Pink who stresses the effectiveness of 'intrinsic rewards,' i.e. the pleasure of doing a job well (cf Google, Linus, Wikipedia corporate philosophies), rathern than 'extrinsic rewards' such as payment-by-results.

Corporate Strategy Igor Ansoff (b.1918) was the originator of the strategic management concept, and was responsible for establishing strategic planning as a management activity in its own right. His landmark book is Corporate Strategy (1965).

Corporate Social responsibility Rosabeth Moss Kanter, in 2009, favours the vanguard company, whose leaders espouse positive values and encourage their employees to embrace and act on them. Having a social purpose in a company is advantageous, it generates a bigger ideas pool as it involves more people, more prospect of open innovation, as the quest becomes more meaningful than just seeking financial gains. The developing world is fertile ground, and can become best beta sites for innovation. Companies will be more successful and sustainable she argues.

One Young World 'Young' leaders with innovative ideas.

Disruptive technologies Joseph Bower and Clayton Christensen 1995.

Creative Destruction In Joseph Schumpeter's most famous phrase he likened capitalism to a “perennial gale of creative destruction”. For Schumpeter the people who kept this gale blowing were entrepreneurs. He was responsible for popularising the word itself, and for identifying the entrepreneur’s central function: of moving resources, however painfully, to areas where they can be used more productively.

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