𝔖 Bobbio Scriptorium
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Market process management

✍ Scribed by David Parker

Publisher
John Wiley and Sons
Year
1998
Tongue
English
Weight
114 KB
Volume
7
Category
Article
ISSN
1086-1718

No coin nor oath required. For personal study only.

✦ Synopsis

Market process management

. For organizations information is becoming a critical factor of production.

. It is often said that competitive advantage now lies with those organizations that are able to acquire, assimilate and act upon information quickly and ef®ciently.

. Competitive advantage is said to lie with the `learning organization'.

. This study considers how an attention to market principles can help improve the ability of organizations to handle information and learn.

. Market process management requires removing the command and control systems of the old-style Taylorist corporation, in favour of devolved decision making with an increased reliance on internal markets.

. This approach requires an attention to pricing in terms of internal opportunity costs and recasts the role of management as facilitators and regulators.

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