Organization is a socially legitimate activity that derives its right to exist right from economic functionality and the legitimacy it creates for themselves, for its traders, and for their wider network of constituencies. It is in debt for its public legitimacy to the trust this inspires in employees and contemporary society at large; to its alliance with governments and other substances in solving problems of social importance, and to it is enduring dedication to providing economic worth that provides the public great.

The Information Community

In the industrialized world, there are two key economic routines or planets: a bulk-processing universe yielding items that essentially congeal resources with a little knowledge under Marshall’s concepts of diminishing returns, and a knowledge-based part of the financial system that generates increasing-returns online commodities, like Hewlett-Packard’s computers. Companies inside the knowledge environment often have surgical treatments that period both worlds. But usually, high-tech firms separate their knowledge-based functions from their bulk-processing ones.

The Management Environment

In the know-how world, competition is certainly not a simple exercise in bargaining yet a series of missions to deliver another technological winner–the next money cow. In such a milieu, managers have to be even more mission-oriented than production-oriented. They need to organize section units of people–those who are able to deliver the up coming product that can help a company rich–in small teams that record directly to the CEO or to the board of directors.