Monday, March 20, 2023

g-f(2)1008 THE BIG PICTURE OF THE DIGITAL AGE (3/20/2023), MITSMR, Rethinking Hierarchy





ULTRA-condensed knowledge


"g-f" fishing of golden knowledge (GK) of the fabulous treasure of the digital age, The New World, The potentially disruptive digital transformation, Rethinking Hierarchy


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Lessons learned, Opportunity, MITSMR

🎯EXCEPTIONAL GK Container


    genioux, MITSMR Fact: We need to reconceive managerial authority for today’s business environment — not eliminate it.

    Foundational Fact: The need for hierarchy isn’t going away, but the form it takes is changing: deciding how things will be done rather than telling people what to do, and designing and enforcing the rules of the game rather than making everyone play it in a certain way.

    Foundational Fact: We see a confluence of business and social trends influencing the development of new kinds of hierarchies. Rapid technological progress, instant communication, value creation based on knowledge rather than physical resources, globalization, and a more educated workforce require us to rethink how we wield managerial authority.

    Current Fact: Companies need clear, fairly enforced policies and procedures that achieve coordination and cooperation while respecting employee desires for empowerment and relative autonomy.

    Current Fact: Managers have to figure out when to intervene and when to let employees handle problems themselves.

    The Key Challenge Fact: The key challenge for designing and operating hierarchies today and tomorrow is to balance two opposing forces. The first is the desire, common to us all, for empowerment and autonomy, which helps companies mobilize employees’ creativity and exploit their unique knowledge and capabilities. The other is the need — particularly in environments characterized by rapid change and interdependent activities across the enterprise — to exercise managerial authority on a large scale.

    Foundational  Fact: In redesigning managerial authority and hierarchy for the 21st century, leaders must realize that they don’t need to know everything, but only just enough, and they need to consider what their employees want and think is fair in designing structures and systems.




    Genioux knowledge fact condensed as an image



    Extra-condensed knowledge



    The big picture of the digital age is knowledge that illuminates exceptional opportunities, relevant lessons learned, complex risks, significant challenges, key warnings, multiple threats and "positive" and "negative" disruptions.
    • For all the hype and promise swirling around the idea of eliminating management to create agile, flat organizations, bosses and corporate hierarchies have remained extremely resilient. As we argued in the pages of MIT Sloan Management Review in 2014, under the right conditions, having such hierarchies in place is the best way to handle the coordination and cooperation problems that beset human interactions.
    • Rethinking Authority
      • There is compelling evidence that many companies are removing layers of management and that more decisions are being delegated to employees. Organizations are still hierarchical, but hierarchy is changing its form. There is also evidence that the exercise of authority is changing.
      • In the modern, knowledge-based economy, however, it is increasingly unlikely that bosses will know everything their workers know. A tech CEO might be skilled at finance and marketing or good at strategic planning and human relations but might not know how to code. A sales manager might understand the product but be unfamiliar with a specific sales territory.
    • How Not to Use Authority
      • It is hard to design a hierarchy well, particularly when employees are empowered and the company is delayered. Managers are increasingly facing this challenge.
    • Enabling Authority
      • One of the most important ways in which managers exercise authority is in how they delegate it to others. To enable authority in subordinates, managers must first convince them that they really do have autonomy over certain decisions and actions and earn their trust that authority will not be summarily withdrawn.
    • Formalization and Transparency
      • When job descriptions are well understood and distinct, with little functional overlap, problems coordinating work or making decisions are less likely to arise between employees. 
    • Exercising Authority Smartly
      • Every business model, strategy, organizational structure, or management style has its strong and weak points. Exercising authority smartly means figuring out what decisions to delegate, who to put in key positions, and when to intervene, as well as deciding whether the system needs to be revised in response to changing conditions.


    Condensed knowledge



    "genioux facts", the programme on "MASTERING THE BIG PICTURE OF THE DIGITAL AGE”, builds GKPath digital freeway to accelerate everyone's success.

    "GKPath" is the free digital highway where there is no speed limit to grow.  GkPath is paved with blocks of golden knowledge.
    • Golden Knowledge (GK) illuminates the paths that lead to your greatness and to making a better world for all.
    • Golden Knowledge (GK) links the paths that lead to greatness and the construction of a better world for all.
    • When you travel The Golden Knowledge Path (GKPath), aware of how extraordinarily wonderful your brain is, how it can change, you understand why the focus of this programme is twofold on the transfer of essential golden knowledge and on teaching people to think.


    References




    ABOUT THE AUTHORS



    Nicolai J. Foss 


    Nicolai J. Foss (@nicolaifoss) is a professor of strategy at Copenhagen Business School. 

    Bing chat: Nicolai J. Foss is a Danish organizational theorist, and entrepreneurship and strategy scholar. He is currently a professor of strategy at the Department of Strategy and Innovation at the Copenhagen Business School (CBS) and an honorary adjunct professor of marketing and management at Southern Denmark University 1, 2


    Peter G. Klein


    Peter G. Klein (@petergklein) is a professor of entrepreneurship at Baylor University. This article is adapted from their latest book, Why Managers Matter: The Perils of the Bossless Company (PublicAffairs, 2022).

    Bing chat: Peter G. Klein is a W. W. Caruth Endowed Chair, Professor of Entrepreneurship, and Chair of the Department of Entrepreneurship and Corporate Innovation at Baylor University’s Hankamer School of Business. He also serves as Director of the Baugh Center’s Free Enterprise Initiative 1, 2



    Some relevant characteristics of this "genioux fact"

    • BREAKING KNOWLEDGE
    • Category 2: The Big Picture of the Digital Age
    • [genioux fact deduced or extracted from MIT SMR]
    • This is a “genioux fact fast solution.”
    • Tag Opportunities to those travelling at high speed on GKPath
    • Type of essential knowledge of this “genioux fact”: Essential Analyzed Knowledge (EAK).
    • Type of validity of the "genioux fact". 

      • Inherited from sources + Supported by the knowledge of one or more experts.



    References


    “genioux facts”: The online programme on "MASTERING THE BIG PICTURE OF THE DIGITAL AGE”, g-f(2)1008, Fernando Machuca, March 20, 2023, blog.geniouxfacts.com, geniouxfacts.com, Genioux.com Corporation.


    ABOUT THE AUTHORS


    PhD with awarded honors in computer science in France

    Fernando is the director of "genioux facts". He is the entrepreneur, researcher and professor who has a disruptive proposal in The Digital Age to improve the world and reduce poverty + ignorance + violence. A critical piece of the solution puzzle is "genioux facts". The Innovation Value of "genioux facts" is exceptional for individuals, companies and any kind of organization.




    The 100 most recent "genioux facts"


    • Some relevant and recent "genioux facts" from the g-f golden knowledge pyramid to master the big picture of the digital age. 
      1. g-f(2)1007 THE BIG PICTURE OF THE DIGITAL AGE (3/20/2023), HBR, Using Technology to Create a Better Customer Experience
      2. g-f(2)1006 THE BIG PICTURE OF THE DIGITAL AGE (3/19/2023), Quanta magazine, The Unpredictable Abilities Emerging From Large AI Models
      3. g-f(2)1005 THE BIG PICTURE OF THE DIGITAL AGE (3/19/2023), Bloomberg, Google Is Making Breakthroughs Much Bigger Than AI
      4. g-f(2)1004 THE BIG PICTURE OF THE DIGITAL AGE (3/18/2023), The g-f New World News (3/17/2023, 2)
      5. g-f(2)1003 Lighthouse of the big picture of the digital age (3/17/2023), Your growth skyrockets with three addends: UAI + AI + PDT
      6. g-f(2)1002 THE BIG PICTURE OF THE DIGITAL AGE (3/16/2023), NYT, Microsoft and Google Unveil A.I. Tools for Businesses
      7. g-f(2)1001 THE BIG PICTURE OF THE DIGITAL AGE (3/16/2023), geniouxfacts, Search engines are fabulous “co-pilots” for looking for GOLDEN KNOWLEDGE
      8. g-f(2)1000 THE BIG PICTURE OF THE DIGITAL AGE (3/15/2023), geniouxfacts, Knowledge is GOLD!
      9. g-f(2)999 THE BIG PICTURE OF THE DIGITAL AGE (3/14/2023), geniouxfacts, Brilliant strategic move by Google making visible an arsenal of benefits with its AI
      10. g-f(2)998 THE BIG PICTURE OF THE DIGITAL AGE (3/14/2023), NYT, 10 Ways GPT-4 Is Impressive but Still Flawed
      11. g-f(2)997 THE BIG PICTURE OF THE DIGITAL AGE (3/14/2023), geniouxfacts, Generative AI will democratize all kinds of content creation
      12. g-f(2)996 THE BIG PICTURE OF THE DIGITAL AGE (3/13/2023), geniouxfacts, Fast valuation of the gold of "The g-f New World News (3/13/2023, 3)"
      13. g-f(2)995 THE BIG PICTURE OF THE DIGITAL AGE (3/13/2023), geniouxfacts, 100 Golden Knowledge Juices From 10 Issues Of "The g-f New World News"
      14. g-f(2)994 THE BIG PICTURE OF THE DIGITAL AGE (3/12/2023), geniouxfacts, Extremely rare gold of "The g-f New World News (2/27/2023, 3)"
      15. g-f(2)993 THE BIG PICTURE OF THE DIGITAL AGE (3/12/2023), geniouxfacts, Fast valuation of the gold of "The g-f New World News (3/8/2023, 2)"
      16. g-f(2)992 THE BIG PICTURE OF THE DIGITAL AGE (3/11/2021), geniouxfacts, Valuing the gold of "The g-f New World News (3/10/2023, 3)"
      17. g-f(2)991 THE NEW WORLD (3/10/2023), geniouxfacts, 10 Golden Knowledge (GK) Containers on Digital Transformation (DT)
      18. g-f(2)990 Lighthouse of the big picture of the digital age (3/10/2023), Your Personal Digital Transformation (PDT) is potentially disruptive!
      19. g-f(2)989 Lighthouse of the big picture of the digital age (3/10/2023), Digital transformation is becoming more potentially disruptive every day
      20. g-f(2)988 Lighthouse of the big picture of the digital age (3/9/2023), The "Positive Disruption: AI Revolution" has accelerated
      21. g-f(2)987 THE NEW WORLD (3/8/2023), WSJ, How Google Became Cautious of AI and Gave Microsoft an Opening
      22. g-f(2)986 Lighthouse of the big picture of the digital age (3/8/2023), The New World is mostly colonized by global tech leaders
      23. g-f(2)985 Lighthouse of the big picture of the digital age (3/8/2023), The fundamental CHALLENGE is to find the right balance between running and transforming!
      24. g-f(2)984 Lighthouse of the big picture of the digital age (3/8/2023), We are in the emerging new age of transformation
      25. g-f(2)983 Lighthouse of the big picture of the digital age (3/6/2023), THE NEW WORLD IS TRANSFORMATION
      26. g-f(2)982 THE g-f NEW WORLD (1/30/2023), geniouxfacts, Classified and unclassified “genioux facts” for a disrupted g-f New World
      27. g-f(2)981 THE NEW WORLD (7/10/2022), geniouxfacts, The story of Xi and Putin is that of two leaders with delusions of grandeur and LOSING STRATEGIES
      28. g-f(2)980 THE NEW WORLD (4/7/2022), geniouxfacts, How Xi or Putin, against all odds, reinvent themselves on the right side of history
      29. g-f(2)979 THE NEW WORLD (3/31/2022), geniouxfacts, Essential Fact 8: The New World Is the Expression of FREEDOM
      30. g-f(2)978 THE NEW WORLD (3/22/2022), Essential Fact 7: To win the transformation game China-Russia proposes TERROR
      31. g-f(2)977 THE NEW WORLD (3/20/2022), geniouxfacts, Essential Fact 6: In the marvelous New World there is no place for terrorism
      32. g-f(2)976 THE NEW WORLD (3/18/2022), geniouxfacts, Essential Fact 5: Disrupted in the New World, could autocratic Chinese rule be reinvented?
      33. g-f(2)975 THE NEW WORLD (3/17/2022), geniouxfacts, Essential Fact 4: Russian and Chinese autocratic governments have been disrupted in the New World
      34. g-f(2)974 THE NEW WORLD (3/16/2022), geniouxfacts, Essential Fact 3: China (Xi Jinping) has destroyed the trust of its best partners
      35. g-f(2)973 THE NEW WORLD (3/15/2022), geniouxfacts, Essential Fact 2: The people of Russia are fabulous, their autocratic rule is a disgrace
      36. g-f(2)972 THE NEW WORLD (3/15/2022), geniouxfacts, Essential Fact 1: The people of China are fabulous, not their autocratic government
      37. g-f(2)971 THE NEW WORLD (3/12/2022), geniouxfacts, Demonic China-Russia alliance sparked Putin's senseless war
      38. g-f(2)970 THE NEW WORLD NEWS (3/7/2022), geniouxfacts, The 10 most read "genioux facts" of the month
      39. g-f(2)969 THE NEW WORLD NEWS (3/7/2022), geniouxfacts, The 10 most read "genioux facts" of the week
      40. g-f(2)968 THE NEW WORLD (3/2/2022), geniouxfacts, How humans learned to value the price of freedom
      41. g-f(2)967 THE NEW WORLD (3/1/2022), geniouxfacts, Putin's war is the war of ignorance in the New World
      42. g-f(2)966 THE NEW WORLD NEWS (2/27/2022), geniouxfacts, The 10 most read "genioux facts" of the month
      43. g-f(2)965 THE NEW WORLD NEWS (2/27/2022), geniouxfacts, The 10 most read "genioux facts" of the week
      44. g-f(2)964 THE NEW WORLD NEWS (2/27/2022), Media, Putin's wise thing is to stop this senseless war
      45. g-f(2)963 THE NEW WORLD NEWS (2/26/2022), CNN + Fox Business, Putin's war was launched on a runway of lies
      46. g-f(2)962 THE NEW WORLD NEWS (2/24/2022), WSJ, Putin’s New World Disorder
      47. g-f(2)961 THE NEW WORLD (2/25/2022), geniouxfacts, Leaders who transcend do not live in vicious circles of ignorance
      48. g-f(2)960 THE NEW WORLD (2/24/2022), msn, TIME, Putin Wants Revenge Not Just Against Ukraine But the U.S. And Its Allies
      49. g-f(2)959 THE NEW WORLD (2/23/2022), geniouxfacts, The "g-f story" of how leaders prove their greatness in the New World
      50. g-f(2)958 THE NEW WORLD (2/23/2022), geniouxfacts, The "g-f story" of how Putin can overcome his vicious circle of ignorance
      51. g-f(2)957 THE NEW WORLD (2/22/2022), geniouxfacts, The "g-f story" of the fabulous treasure of the New World
      52. g-f(2)956 THE NEW WORLD NEWS (2/21/2022), geniouxfacts, The list of “genioux facts" of the day
      53. g-f(2)955 THE NEW WORLD (2/21/2022), WSJ, Why Apple, Amazon and Google Are Uniting on Smart-Home Tech: Matter Explained
      54. g-f(2)954 THE NEW WORLD (2/21/2022), HBR, In a Hybrid World, Your Tech Defines Employee Experience
      55. g-f(2)953 THE NEW WORLD (2/21/2022), MIT SMR, Creating Good Jobs
      56. g-f(2)952 THE NEW WORLD (2/21/2022), geniouxfacts, Exceptional Golden Knowledge (GK) by Stephen Covey: Work on your paradigms!
      57. g-f(2)951 THE NEW WORLD (2/21/2022), s+b, PwC, Leaders should revisit the works of three corporate culture pioneers
      58. g-f(2)950 THE NEW WORLD NEWS (2/20/2022), geniouxfacts, The 10 most read "genioux facts" of the month
      59. g-f(2)949 THE NEW WORLD NEWS (2/20/2022), geniouxfacts, The 10 most read "genioux facts" of the week
      60. g-f(2)948 THE NEW WORLD (2/19/2022), PwC, The "g-f story" of going beyond digital to win
      61. g-f(2)947 THE NEW WORLD (2/18/2022), PwC + s+b, Seven imperatives for moving beyond digital
      62. g-f(2)946 THE NEW WORLD (2/18/2022), MIT SMR, Top Performers Have a Superpower: Happiness
      63. g-f(2)945 THE NEW WORLD (2/18/2022), MIT SMR, Companies Are Making Serious Money With AI
      64. g-f(2)944 THE NEW WORLD NEWS (2/18/2022), geniouxfacts, The Golden Knowledge (GK) Accelerator Line for the Wise Colonization
      65. g-f(2)943 THE NEW WORLD (2/17/2022), The story of the New World in a single sentence
      66. g-f(2)942 THE NEW WORLD (2/16/2022), The Story of the New World in a “g-f KBP” Chart
      67. g-f(2)941 THE NEW WORLD (2/16/2022), The “g-f stories” to your greatness and to help build a much better world for all
      68. g-f(2)940 THE NEW WORLD NEWS (2/14/2022), geniouxfacts, The list of “genioux facts" of the day
      69. g-f(2)939 THE NEW WORLD (2/14/2022), Korn Ferry, Future of Work Trends in 2022: A new era of humanity
      70. g-f(2)938 THE NEW WORLD (2/14/2022), Korn Ferry, FUTURE OF WORK / THE GLOBAL TALENT CRUNCH
      71. g-f(2)937 THE NEW WORLD (2/14/2022), WSJ, The Technology That’s Helping Companies Thrive Amid the Supply-Chain Chaos
      72. g-f(2)936 THE NEW WORLD NEWS (2/14/2022), Bloomberg, U.S. Tech Firms Hunt for Cheap Home-Based Hires in Latin America
      73. g-f(2)935 Lighthouse of the big picture of the digital age (2/14/2022), g-f PDT: How to develop a “Growth Mindset”
      74. g-f(2)934 THE NEW WORLD NEWS (2/13/2022), geniouxfacts, The 10 most read "genioux facts" of the month
      75. g-f(2)933 THE NEW WORLD NEWS (2/13/2022), geniouxfacts, The 10 most read "genioux facts" of the week
      76. g-f(2)932 THE NEW WORLD NEWS (2/12/2022), geniouxfacts, The list of “genioux facts" of the day
      77. g-f(2)931 THE NEW WORLD NEWS (2/12/2022), WSJ, OpenSea’s NFT Free-for-All
      78. g-f(2)930 THE NEW WORLD (2/12/2022), MIT SMR, A Global Brand President’s View of the Future of Work
      79. g-f(2)929 THE NEW WORLD (2/12/2022), HBR, Skills-Based Hiring Is on the Rise
      80. g-f(2)928 THE NEW WORLD (2/12/2022), geniouxfacts, Golden knowledge (GK) to wisely resolve the current lose-lose situation between Russia and Ukraine
      81. g-f(2)927 THE NEW WORLD NEWS (2/11/2022), geniouxfacts, The list of “genioux facts" of the day
      82. g-f(2)926 THE NEW WORLD NEWS (2/11/2022), geniouxfacts, 10 Golden Knowledge (GK) Containers on Artificial Intelligence (AI)
      83. g-f(2)925 THE NEW WORLD (2/11/2022), strategy+business, Building a culture of learning at work
      84. g-f(2)924 THE NEW WORLD (2/11/2022), WHO, Ensuring artificial intelligence (AI) technologies for health benefit older people
      85. g-f(2)923 THE NEW WORLD (2/11/2022), yahoo!news, WWD, L’Oréal’s CEO Addresses Beauty Industry Transformation
      86. g-f(2)922 THE NEW WORLD NEWS (2/10/2022), geniouxfacts, The list of “genioux facts" of the day
      87. g-f(2)921 THE NEW WORLD (2/10/2022), PwC, Demystifying the metaverse
      88. g-f(2)920 THE NEW WORLD (2/10/2022), WSJ, Forget the Office—Salesforce Is Making a Wellness Retreat for Workers
      89. g-f(2)919 THE NEW WORLD NEWS (2/10/2022), geniouxfacts, 10 Golden Knowledge (GK) Containers on Metaverse
      90. g-f(2)918 THE BIG PICTURE OF THE DIGITAL AGE (2/10/2022), Media, Nathan Chen brilliantly won the Olympic gold his talent deserved
      91. g-f(2)917 THE NEW WORLD NEWS (2/9/2022), geniouxfacts, The list of “genioux facts" of the day
      92. g-f(2)916 THE NEW WORLD NEWS (2/9/2022), geniouxfacts, Free bet, do you know how to value golden knowledge (GK)?
      93. g-f(2)915 THE NEW WORLD (2/9/2022), Forbes, Why Do Startups Fail And Can We Create An AI Formula To Prevent Failure? An Interview With Harvard Business School Professor Tom Eisenmann
      94. g-f(2)914 THE NEW WORLD NEWS (2/9/2022), geniouxfacts, 10 Golden Knowledge (GK) Containers on Digital Transformation (DT)
      95. g-f(2)913 THE NEW WORLD NEWS (2/9/2022), geniouxfacts, 10 Golden Knowledge (GK) Containers on Artificial Intelligence (AI)
      96. g-f(2)912 THE NEW WORLD NEWS (2/9/2022), geniouxfacts, 10 Golden Knowledge (GK) Containers on Metaverse
      97. g-f(2)911 THE NEW WORLD NEWS (2/8/2022), geniouxfacts, 10 Golden Knowledge (GK) Containers on Digital Transformation (DT)
      98. g-f(2)910 THE NEW WORLD (2/8/2022), Accenture, Fjord Trends 2022: The new fabric of life
      99. g-f(2)909 THE NEW WORLD NEWS (2/7/2022), geniouxfacts, The list of “genioux facts" of the day
      100. g-f(2)908 THE NEW WORLD NEWS (2/7/2022), geniouxfacts, 10 Golden Knowledge (GK) Containers on Artificial Intelligence (AI)
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