What Is The Law of Diminishing Firms? According to the so-called 'Law of Diminishing Firms', introduced by Downes and Mui in , the well-known ICT-related laws of Moore and Metcalfe have reinforced each other. The Law Of Diminishing Firms states that companies can become smaller and smaller by using ICT and digitally transform themselves in an integrated way from a traditional hierarchical business organization to a virtual organization. As most...
What Is A Virtual Organization? one of the great myths from the Industrial Revolution is that your organization has to grow into a bulky large organization with many management layers if you attract and have to serve more customers. In our current time of the Internet, fast bandwidth and smartphones, that is actually no longer the case. Why? You can grow and scale using ICT with the virtual organization as organizational design. Just like...
What Is An AI-Powered Organizational Design? "An AI-Powered Organizational Design describes the way all 7 elements of organizing being strategy, structure, systems, culture, business processes, core goals & values and people & skills are AI-powered in an aligned or non-aligned way".
10 Types of Innovation: The Discipline of Building Breakthroughs by Larry Keeley, Helen Walters, and Ryan Pikkel. The book argues that there are 10 distinct types of innovation that can be used to create breakthrough products, services, and business models. These 10 types are: ✔️ Profit model innovation: This is about finding new ways to make money from your offering. For example, Netflix's profit model innovation was to charge a...
