Management’s journey – past, present and future – is entering the “second machine age” in which managers will succeed by being entrepreneurial and re-thinking the balance between financial and social goals.
The new term, The Second Machine Age, has been coined and explained by Erik Brynjolfsson and Andrew McAfee, two MIT professors, in their latest book of the same name. As a review in The Washington Post explains (www.washingtonpost.com), these two thinkers have delivered an “optimistic and intriguing hypothesis [about the future] namely, that the global economy is on the cusp of a dramatic growth spurt driven by smart machines that finally take full advantage of advances in computer processing, artificial intelligence, networked communication and the digitization of just about everything”.
To read more about management’s role in this new age without tackling the entire book you can visit www.strategy-business.com and read Tim Laseter’s excellent article in strategy+business magazine. Wherever or however you read about it, the authors who explain the essence of the “second machine age” provide some great insights into the probable future of management.
ISBN 9780393239355
