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Factors affecting success in business: management theories / tools versus predicting changes

Author: Makridakis, Spyros INSEAD Area: Technology and Operations ManagementIn: European Management Journal, vol.14, no. 1, feb. 1996 Language: EnglishDescription: p. 1-20.Type of document: INSEAD ArticleNote: Please ask the Library for this articleAbstract: S. Makridakis reviews the large number of theories that briefly blossomed from the 1960s onwards, and also looks to see if prescriptions can be learned from examples of "excellent" companies. He advises against extrapolating from past success stories since the environment continually changes. S. Makridakis explores the consequences of the information revolution, drawing an analogy between the industrial and information revolutions. Among their conclusions, he emphasizes the importance of educating and motivating corporate staff to innovate in the newly-competitive environment generated by advances in the information industry
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S. Makridakis reviews the large number of theories that briefly blossomed from the 1960s onwards, and also looks to see if prescriptions can be learned from examples of "excellent" companies. He advises against extrapolating from past success stories since the environment continually changes. S. Makridakis explores the consequences of the information revolution, drawing an analogy between the industrial and information revolutions. Among their conclusions, he emphasizes the importance of educating and motivating corporate staff to innovate in the newly-competitive environment generated by advances in the information industry

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