Building Blocks for Organization of Future – Institute for Advanced Studies in Complex Choices

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Building Blocks for Organization of Future – Institute for Advanced Studies in Complex Choices

Institute for Advanced Studies in Complex Choices

Building Blocks for Organization of Future

Management research in the last many decades identified various key elements and processes for building effective organizations. They include strategy, structure, systems, leadership, culture and many other similar concepts[i]. The insights are mostly based on the premise that the exchange process between the firm and environment should be mutually beneficial. This exchange process covers resources, such as capital, manpower, technology, and also includes obligations and expectations from various stakeholders. This perspective, which calls for dynamic equilibrium between firm and environment[ii] provided a broad canvas on which many possible organizational archetypes and building blocks could be drawn. However, when the external environment changes significantly, it calls into debate the likely new features of the organization of future, so that exchange process remains relevant and beneficial. The likely new features could include changes in the existing organizational features, or new concepts that were not considered or implemented previously. The purpose of this paper is to discuss the building blocks of the organizations of the future on the premise that external environment has changed in significant ways from the time and context in which many of current management concepts originated and became mainstream. The first section of this paper therefore draws on main changes in the environment. Management research on organizations is expansive, and any given enquiry has enormous variety and volume. To build a useful, yet manageable debate, it is useful to understand the context and limitations of existing management objectives. This is the purpose of the second section. Third section takes and develops few ideas in the context of limitations of existing ideas and emerging challeng

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Building Blocks for Organization of Future – Institute for Advanced Studies in Complex Choices