The Future of Work, MIT Video of Thomas Malone

Unedited notes here:

http://mitworld.mit.edu/video/229/
Thomas Malone, Video Notes from MIT Sloan School of Business

Change toward more human freedom in business. now possible to have economic benefits of large organizations, and same time, human benefits of small orgs - organization, innovation, freedom...

because: tech has reduced cost of communication. people even in large orgs can make informed decisions...

what will shape how the changes occur is: what we humans want...

examples:

Open Source Software, like linux. Mentioned wikipedia. "Open Content" encyclopedia. Wiki comes from hawaiian word for quick. started in 2000. Used often as a first stop to gather info...it has huge amounts of freedom...at same time, coupled with that freedom is global scale of contributors and audience as well...coupled with this freedom of a small store owner is global scale: a global audience...

talks of a common pattern in business, recalls common patterns of human societies' patterns...

ebay. global infrastructure for auctions. 2bil revenue. millions active buyers & sellers. 150k individuals make a full time living from ebay buying & selling. Like small store owners...

Talks about emergence of more decentralized agencies/organizations due to advances in communications & technologies.

He discusses the higher motivation, creativity, flexibility of individuals in smaller more independent situations...

critical factors for success are exactly the benefits of decentralization - creativity, motivation, flexibility...

more and more, technology and economic and human impreitives will make it much more possilbe to have decentralized decisions...
- loose heierarchies
- democracies
- markets: external markets (outsourcing) : 'elance economy'... meaning 'electronically connected freelancers'. the idea is that things done today in large corps can be done in groups of small independent contractors coming together for one project...like the way movies are currently done...thought to become more common in future...this thanks to technologies enabling such things...meintions elancers.com/elance.com

talks about the idea of companies where everyone is in control. airplane analogy...what would it be like to have an airplane where everyone in the plane was in control...showed amazing experiment of flight simulator controlled collectively by a large group of people each...they navigated the course successfully!!

important is the ability to move back and forth to highly centralized top down to highly decentralized bottom up...

what does all this mean? more choices for us. Adivce to consider what matters most...

Discusses how more and more investments and selecting orgs and businesses will include a consideration of their values...
Todd Hopkinson