Management: Inventing and Delivering Its Future / Edition 1

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The MIT Sloan School of Management, as conceived by the legendary General Motors chairman Alfred P. Sloan, was founded in 1952 to draw on the scientific and technical resources ofMIT and approach the problems of management with the rigorous research practices for which MIT was famous. Fifty years later, the Sloan School gathered international leaders in business and management, MIT faculty, students, and alumni to address again the basic principles that should guide business and management. This book presents the papers prepared by student-faculty teams,speeches by business and world leaders, and summaries of the discussions from this special convocation; taken together, they offer a guide to the future of management based on the hallmarks of MIT and Sloan—creativity and innovation.The topics considered coalesced around three main themes. First, and paramount, is the necessity of building and maintaining trust by means of openness, transparency, and accountability; this was addressed in speeches by Kofi Annan and CarlyFiorina and exemplified by the case study presented of Nike's efforts to rebuild the trust of customers. The increasingly complex conditions of the modern global economy emerged as another recurring theme, as the participants considered the effect of the growing spectrum of stakeholders on issues of corporate governance. The third common theme was the inescapability of technological and scientific change, from the Internet as a marketing tool to the organizational impact of information technology.

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Product Details

  • ISBN-13: 9780262112826
  • Publisher: MIT Press
  • Publication date: 9/14/2003
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 323
  • Sales rank: 1,444,636
  • Product dimensions: 6.00 (w) x 9.00 (h) x 1.00 (d)

Meet the Author

Thomas A. Kochan is George Maverick Bunker Professor of Management at the MIT Sloan School ofManagement and Professor of Engineering Systems at MIT. He is Codirector of both the Institute forWork and Employment Research at the Sloan School and the MIT Workplace Center. He is coauthor (withPaul Osterman, Richard M. Locke, and Michael J. Piore) of Working in America: A Blueprint for the New Labor Market (MIT Press, 2002).

Richard L. Schmalensee is John C. Head III Dean and Professor of Management and Economics at the MIT Sloan School of Management. He is co-editor of Management: Inventing and DeliveringIts Future (MIT Press, 2003).

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Table of Contents

1 Introduction 1
2 Challenges and Responsibilities 15
2.1 Corporate Citizenship in a Global Society 17
2.2 Restoring Trust: Corporate Responsibility and the CEO 25
3 Globalization 37
3.1 The Promise and Perils of Globalization: The Case of Nike 39
3.2 Case Discussion: Questions and Answers from Alumni 71
4 Human Capital and Twenty-First-Century Organizations 75
4.1 Navigating the Future: The Networked Organization 77
4.2 Beyond McGregor's Theory Y: Human Capital and Knowledge-Based Work in the Twenty-First-Century Organization 85
4.3 Panel Discussion: Meg O'Leary, James Goodnight, and Peter Senge 115
5 Marketing 121
5.1 Innovation and the Constancy of Change 123
5.2 Consumer Power and the Internet 127
5.3 Panel Discussion: Vince Barabba, Jeff Katz, and Melanie Kittrell 161
6 Governance 165
6.1 Corporate Governance 167
6.2 European Corporate Governance: A Changing Landscape? 171
6.3 Financial Reform and Corporate Governance in China 213
6.4 Panel Discussion: Rolf Breuer and Victor Fung 251
7 Technology 257
7.1 The Next Technological Revolution: Predicting the Technical Future and Its Impact on Firms, Organizations, and Ourselves 259
7.2 Panel Discussion: Robert Brown, Rodney Brooks, Rebecca Henderson, Linda Griffith and Susan Lindquist 287
Postscript: Moving Forward 291
Contributors 293
Index 295
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