business

84: Professionalizing Business — Louis Brandeis

December 7, 2021 Pedro Monteiro 00:10:02
We discuss the life and works of Louis Brandeis who originated the term ‘scientific management’ that aimed at conserving effort and making work life more predictable, reducing worker stress and increasing satisfaction. He also advocated for a more altruistic and professionalized form of business leadership that served both the needs of customers or clients and those of the workers under their supervision. A collection of his lectures entitled Business – A Profession expounds on these ideas, and he includes a number of case studies and illustrations to show both the human and financial potential of his professed forms of management where profit would not be the only measure of a business’ success.

30: Corporate Culturalism

August 2, 2017 Dmitrijs Kravcenko
Hugh Willmott Strength is Ignorance; Slavery is Freedom: Managing Culture in Modern Organizations was Hugh Willmott’s critique of corporate culturalism, a dominant theme in management studies in the 1980s. In 1993, when the paper appeared in the Journal of Management Studies, strengthening corporate culture was seen as a way to improve organizational performance. But instead of an academic response, Willmott used George Orwell’s classic dystopian novel Nineteen Eighty-Four to explain his objections.

25: Competitive Groups as Cognitive Communities

March 15, 2017 Dmitrijs Kravcenko
We discuss another JMS classic, “Competitive Groups as Cognitive Communities the case of Scottish Knitwear Manufacturers” by Porac, Thomas, and Baden-Fuller from 1989. Employing an approach based on the ‘interpretive’ side of organizations, the Authors propose that a key mechanism in competition and strategy is given by the “mental models used by key decision-makers to interpret the task environment of their organization”. These, in turn, emerge out of material and cognitive exchanges among customers, suppliers, and producers.

24: Learning by Knowledge-Intensive Firms

February 21, 2017 Ralph Soule
We discuss another of the classics from the Journal of Management Studies, a paper from 1992 by William Starbuck, entitled “Learning by knowledge-intensive firms”. This time, we are very happy to be joined by the author of the work, Professor William Starbuck, one of the leading experts in Organization Theory, whose research covers an incredible number of areas of expertise, as shown in his biography. This paper is the first to discuss knowledge intensive firms, concept based on the economists’ notions of capital and labour intensive firms, and which are defined as those firms where “knowledge has more importance than other inputs” (p.715).