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In this episode I discuss how the visible hand of management (described by Alfred D. Chandler, Jr.) replaced the invisible hand of the free market (first mentioned by Adam Smith), so that our economy can now be characterized as one dominated by managerial capitalism rather than free market capitalism. This has implications for how managers think about management.

Charles G. Chandler, Ph.D.
[email protected]

References:
1. Smith, Adam 1776. An inquiry into the nature and causes of the Wealth of Nations. 785 pages. An Electronic Classics Series Publication (2005 edition).

2. Chandler, Alfred D, Jr. 1977. The Visible Hand: The Managerial Revolution in American Business. 608 pages. The Belknap Press of Harvard University Press. Cambridge, MA.

3. Coase, Ronald 1937. “The Nature of the Firm”. Economica, 4 (16): 386–405. Blackwell Publishing.

Amazon links:

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In this episode, I continue the discussion of organizations as complex adaptive systems (begun in Episode 017). Organizational narratives can serve as attractors to align behavior within an organization to its broader goals and objectives, thus providing a tool to help shape an organization’s cognition and action(s) as the future flows toward it.

Charles G. Chandler, Ph.D.
[email protected]

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In this episode, I continue the discussion on programming the organization that was begun last week. This week’s episode focuses on programming under uncertainty, illustrating techniques such as searching for positive deviance, embedding an agent within a complex system, and co-creating a solution with the stakeholders.

Charles G. Chandler, Ph.D.
[email protected]

References:
1. TED talk by Monique Sternin on malnutrition in Vietnam

2. Talk by Cheryl Dahle on the Future of Fish initiative

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In this episode, I explore the question of how a system of management programs an organization, including the tasks of its manual workers and knowledge workers. A few examples are given to illustrate the points.

Charles G. Chandler, Ph.D.
[email protected]

Reference:
1. Taylor, F.W. 1911. The Principles of Scientific Management. Dover Publications: Mineola, NY (1998 edition).

2. Drucker P. F. 1999. Management Challenges for the 21st Century. HarperCollins: New York, NY.

 

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In this episode, I interview Jannice Moore, President of The Governance Coach, a consulting firm that specializes in coaching boards. Over the last 22 years, The Governance Coach team of consultants has assisted over 500 boards to improve their governance, with particular attention to the clarity of roles between board and CEO.

Website for Reference: www.governancecoach.com

Charles G. Chandler, Ph.D.
[email protected]