Change search
ReferencesLink to record
Permanent link

Direct link
The nature of economic change and management in a new knowledge based information economy
KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.).
2005 (English)In: Information Economics and Policy, ISSN 0167-6245, Vol. 17, no 4, 428-456 p.Article in journal (Refereed) Published
Abstract [en]

The development of management theory and practice and their informational assumptions are followed over three phases of economic development; (1) the pre-oil crisis experience 1969-1975, (2) the post oil crisis sobering up through most of the 1990s and (3) the emergence of globally distributed production organizations, blurring the notion of the firm to be managed. The change from a belief in a predictable environment and only marginally uninformed actors to an increasing recognition of the fundamental ignorance that enters all business decisions, the consequent business mistakes and that learning between the periods has been of limited value and often misleading is found to be reflected in business information systems. The increased rate of failure among large firms in recent decades appears to be related to the increasing complexity of business decisions, the decreased reliability of learning and the difficulties of controlling the value chain in globally distributed production.

Place, publisher, year, edition, pages
2005. Vol. 17, no 4, 428-456 p.
Keyword [en]
competence bloc theory, experimentally organized economy, management theory, WAD theory, firm dynamics, learning
National Category
Economics and Business
URN: urn:nbn:se:kth:diva-42520DOI: 10.1016/j.infoecopol.2005.02.002ISI: 000232381000002ScopusID: 2-s2.0-25144487115OAI: diva2:447447
QC 20111012Available from: 2011-10-12 Created: 2011-10-11 Last updated: 2011-10-12Bibliographically approved

Open Access in DiVA

No full text

Other links

Publisher's full textScopus

Search in DiVA

By author/editor
Eliasson, Gunnar
By organisation
Industrial Economics and Management (Dept.)
In the same journal
Information Economics and Policy
Economics and Business

Search outside of DiVA

GoogleGoogle Scholar
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

Altmetric score

Total: 43 hits
ReferencesLink to record
Permanent link

Direct link