What do you think will the 21st -century corporations look like?
Every century there many things change such that people, culture, technology , and even the businesses corporation. As time gone changes always takes place since people want to be satisfy more and people want to explore more things for the better living. People, culture , individual’s life may change because of technology approaches. and even businesses corporation takes the changes for the services. For the pass years corporation had encountered much problem with there managing people ,data records, management and monitoring of there assets, liabilities and owners equity of their corporation . Problems such loss of data , unrecognized spending of money, monitoring unreliable workers. In these people learned possible effect for these problems that really effective nowadays.
With regards of 21st century ,I’m sure that these century would be focusing in e enhancement. More reliable IT /IS , more efficient internet services, providing less effort of transaction, monitoring to every branches of the corporation may take place to the corporation . Corporation may prioritized people that has much knowledge about there business and can endure the IT/IS change . The 21st century corporation will require an array of new skills, all of which must be mastered for leaders to gain the upper competitive hand. Globalization has opened new markets. Deregulation has broken down industry boundaries. Venture capital has funded thousands of new tech-savvy insurgents who now threaten incumbents. And the ever-ubiquitous Web has brought the potential for remarkable gains in productivity--but also for frightening deflationary pressures. All these forces are fast propelling the creation of new business models in the 21st century, models that will look nothing like the once-healthy and seemingly invincible enterprises of an earlier age. The infrastructure will be more high-tech .
But then these things has much effect for the global warming . Without using technology in proper way, can destroy our mother nature. Less managing of things that made .Every thing that made here will have there end so used technology wisely .
Lets define corporation and what people think about 21st century corporation and some things that is involced in this topic
Corporation
The most common form of business organization, and one which is chartered by a state and given many legal rights as an entity separate from its owners. This form of business is characterized by the limited liability of its owners, the issuance of shares of easily transferable stock, and existence as a going concern. The process of becoming a corporation, call incorporation, gives the company separate legal standing from its owners and protects those owners from being personally liable in the event that the company is sued (a condition known as limited liability). Incorporation also provides companies with a more flexible way to manage their ownership structure. In addition, there are different tax implications for corporations, although these can be both advantageous and disadvantageous. In these respects, corporations differ from sole proprietorships and limited partnerships.
21st Century Corporation Opinions
Positive
21st Century Business is independently produced by Multi-Media Productions (USA), Inc. and is distributed worldwide on CNBC as paid programming and the Fox Business Network as paid programming. Additionally, the series airs internationally in Canada and on Asia Television and can be accessed 24/7 via 21CBTV.com. 21st Century Business can also be seen on various Internet Television outlets such as YouTube, iTunes Podcast, MSN Video, Yahoo! Video and many more.
21st Century Business is independently produced by Multi-Media Productions (USA), Inc. and is distributed worldwide on CNBC as paid programming and the Fox Business Network as paid programming. Additionally, the series airs internationally in Canada and on Asia Television and can be accessed 24/7 via 21CBTV.com. 21st Century Business can also be seen on various Internet Television outlets such as YouTube, iTunes Podcast, MSN Video, Yahoo! Video and many more.
Negative
Make no mistake about it: the 21st century is one of the most stressful periods of human history, so far as the average citizen is concerned. Despite vast improvements in many areas of life for most everyone (as well as an explosion in personal opportunity for fame and fortune such as the world has never seen before), the domination of largely unbridled pure economics and virtually unrestrained technological development on human affairs at this time makes for daily stresses probably unimaginable by 20th century natives, or those born in the subsequent 22nd century. For instance, a substantial portion of the most developed geopolitical blocs actually cut back many traditional social programs such as Social Security, pensions, and subsidies for child care, public education, and medical insurance (or else decimate them through woefully misguided privatization attempts) in the late 20th/early 21st centuries. Of course, these cutbacks often result in mass unrest and dissatisfaction among the populace of those states, which creates yet another source of instability and stress for many citizens-- until the political backlash manages to reverse the courses of many governments on the issues. The immense uncertainty about many matters is bad enough, but what certainty does exist is often still worse...
The often barely restrained financial markets of the late 20th century may offer cautionary tales for the much freer global markets of the 21st-- especially where geopolitical governments increasingly bow to the regulatory wishes of mega-corporations (regardless of social welfare). The former markets were volatile, "...prone to speculative ruin...[and]...more vulnerable to self-inflicted calamity..." due in large part to a given market's regulation by governments being inversely proportional to that market's size. Laissez-faire economies may have no natural defense against excessive and destabilizing speculation. In the late 20th century there was no single institution of sufficient power and wisdom to temper global excesses in the financial markets as certain national concerns could do for inidividual countries
How, exactly, will these forces reshape the 21st century corporation? The organizations that flourish will have several defining features.
-- It's management by Web.
That means not just Web as in Internet but the web-like shape of successful organizations in the future. If there are a pair of images that symbolize the vast changes at work, they are the pyramid and the web. The organizational chart of large-scale enterprise had long been defined as a pyramid of ever-shrinking layers leading to an omnipotent CEO at its apex. The 21st century corporation, in contrast, is far more likely to look like a web: a flat, intricately woven form that links partners, employees, external contractors, suppliers, and customers in various collaborations. The players will grow more and more interdependent. Fewer companies will try to master all the disciplines necessary to produce and market their goods but will instead outsource skills--from research and development to manufacturing--to outsiders who can perform those functions with greater efficiency.
Managing this intricate network of partners, spin-off enterprises, contractors, and freelancers will be as important as managing internal operations. Indeed, it will be hard to tell the difference. All of these constituents will be directly linked in ways that will make it nearly impossible for outsiders to know where an individual firm begins and where it ends. ''Companies will be much more molecular and fluid,'' predicts Don Tapscott, co-author of Digital Capital. ''They will be autonomous business units connected not necessarily by a big building but across geographies all based on networks. The boundaries of the firm will be not only fluid or blurred but in some cases hard to define.''
It's more about bits, less about atoms.
The most profitable enterprises will manage bits, or information, instead of focusing solely on managing atoms (the corporation's physical assets). Sheer size will no longer be the hallmark of success; instead, the market will prize the ability to efficiently deploy assets. Good bit management can allow an upstart to beat an established player; it can also give an incumbent vast advantages. By using information to manage themselves and better serve their customers, companies will be able to do things cheaper, faster, and with far less waste.
It's mass customization.
The previous 100 years were marked by mass production and mass consumption. Companies sought economies of scale to build large factories that produced cookie-cutter products, which they then sold to the largest numbers of people in as many markets as possible. The company of the future will tailor its products to each individual by turning customers into partners and giving them the technology to design and demand exactly what they want. Mass customization will result in waves of individualized products and services, as well as huge savings for companies, which will no longer have to guess what and how much customers want.
It's dependent on intellectual capital.
The advantage of bringing breakthrough products to market first will be shorter-lived than ever, because technology will let competitors match or exceed them almost instantly. To keep ahead of the steep new-product curve, it will be crucial for businesses to attract and retain the best thinkers. Companies will need to build a deep reservoir of talent--including both employees and free agents--to succeed in this new era. But attracting and retaining an elite workforce will require more than huge paychecks. Corporations will need to create the kind of cultures and reward systems that keep the best minds engaged. The old command-and-control hierarchies, with their civil-service-like wages, are fast crumbling in favor of organizations that empower vast numbers of people and reward the best of them as if they were owners of the enterprise.
It's global.
In the beginning, the global company was defined as one that simply sold its goods in overseas markets. Later, global companies assumed a manufacturing presence in numerous countries. The company of the future will call on talent and resources--especially intellectual capital--wherever they can be found around the globe, just as it will sell its goods and services around the globe. Indeed, the very notion of a headquarters country may no longer apply, as companies migrate to places of greatest advantage. The new global corporation might be based in the U.S. but do its software programming in Sri Lanka, its engineering in Germany, and its manufacturing in China. Every outpost will be seamlessly connected by the Net so that far-flung employees and freelancers can work together in real time.
It's about speed.
All this work will be done in an instant. ''The Internet is a tool, and the biggest impact of that tool is speed,'' says Andrew S. Grove, chairman of Intel Corp. (INTC) ''The speed of actions, the speed of deliberations, and the speed of information has increased, and it will continue to increase.'' That means the old, process-oriented corporation must radically revamp. With everything from product cycles to employee turnover on fast-forward, there is simply not enough time for deliberation or bureaucracy.
The 21st century corporation will not have one ideal form. Some will be completely virtual, wholly dependent on a network of suppliers, manufacturers, and distributors for their survival. Others, less so. Some of the most successful companies will be very small and very specialized; others will be gargantuan in size, scope, and complexity.
Some enterprises will last no longer than the time it takes for a new product or technology to reach the market. Once it does, these temporary organizations will pass their innovations on to host companies that can leverage them more quickly and at less expense. The reason: Every company has capabilities, but also disabilities, as Harvard Business School's Clayton M. Christensen puts it. The disabilities--things like deeply held beliefs, rituals, and traditions--often smother radical thinking. Some biotech upstarts, for example, have already served as external labs for large, powerful pharmaceutical companies. Some technology ventures have drawn seed capital from Cisco Systems Inc. (CSCO), only to be acquired by the network giant once the technology has been proven.
CULTURAL CHANGE.
The potential for productivity gains is everywhere, in every process, in every industry. The bigger the company and the larger its costs, the greater the opportunity to see tremendous efficiencies. In the years to come, large incumbent corporations that get it will be the greatest beneficiaries of the Net, not the dot-com insurgents that once garnered all the publicity and market valuations.
Despite a handful of leading-edge companies, the true 21st century corporation, at least as it will eventually emerge, does not yet exist. John F. Welch Jr. of General Electric Co. may have created the archetypal ''learning organization,'' a highly diverse company that shares ideas across its many boundaries. Chambers of Cisco Systems may boast the most networked organization in the world, a company in which nearly all its administrative functions are conducted over the Internet. Michael S. Dell may have built the most efficient supply-chain network ever, a model that requires virtually no inventory. But there is no one company today that embodies all the possibilities and promise of the superefficient 21st century corporation.
visit my blog:
http://gleizelle@bloggers.com
Refferences:
http://www.jrmooneyham.com/s2183ref.html
http://www.21cbtv.com/
http://www.businessweek.com/common_frames/ma_0035.htm?/2000/00_35/b3696011.htm
Every century there many things change such that people, culture, technology , and even the businesses corporation. As time gone changes always takes place since people want to be satisfy more and people want to explore more things for the better living. People, culture , individual’s life may change because of technology approaches. and even businesses corporation takes the changes for the services. For the pass years corporation had encountered much problem with there managing people ,data records, management and monitoring of there assets, liabilities and owners equity of their corporation . Problems such loss of data , unrecognized spending of money, monitoring unreliable workers. In these people learned possible effect for these problems that really effective nowadays.
With regards of 21st century ,I’m sure that these century would be focusing in e enhancement. More reliable IT /IS , more efficient internet services, providing less effort of transaction, monitoring to every branches of the corporation may take place to the corporation . Corporation may prioritized people that has much knowledge about there business and can endure the IT/IS change . The 21st century corporation will require an array of new skills, all of which must be mastered for leaders to gain the upper competitive hand. Globalization has opened new markets. Deregulation has broken down industry boundaries. Venture capital has funded thousands of new tech-savvy insurgents who now threaten incumbents. And the ever-ubiquitous Web has brought the potential for remarkable gains in productivity--but also for frightening deflationary pressures. All these forces are fast propelling the creation of new business models in the 21st century, models that will look nothing like the once-healthy and seemingly invincible enterprises of an earlier age. The infrastructure will be more high-tech .
But then these things has much effect for the global warming . Without using technology in proper way, can destroy our mother nature. Less managing of things that made .Every thing that made here will have there end so used technology wisely .
Lets define corporation and what people think about 21st century corporation and some things that is involced in this topic
Corporation
The most common form of business organization, and one which is chartered by a state and given many legal rights as an entity separate from its owners. This form of business is characterized by the limited liability of its owners, the issuance of shares of easily transferable stock, and existence as a going concern. The process of becoming a corporation, call incorporation, gives the company separate legal standing from its owners and protects those owners from being personally liable in the event that the company is sued (a condition known as limited liability). Incorporation also provides companies with a more flexible way to manage their ownership structure. In addition, there are different tax implications for corporations, although these can be both advantageous and disadvantageous. In these respects, corporations differ from sole proprietorships and limited partnerships.
21st Century Corporation Opinions
Positive
21st Century Business is independently produced by Multi-Media Productions (USA), Inc. and is distributed worldwide on CNBC as paid programming and the Fox Business Network as paid programming. Additionally, the series airs internationally in Canada and on Asia Television and can be accessed 24/7 via 21CBTV.com. 21st Century Business can also be seen on various Internet Television outlets such as YouTube, iTunes Podcast, MSN Video, Yahoo! Video and many more.
21st Century Business is independently produced by Multi-Media Productions (USA), Inc. and is distributed worldwide on CNBC as paid programming and the Fox Business Network as paid programming. Additionally, the series airs internationally in Canada and on Asia Television and can be accessed 24/7 via 21CBTV.com. 21st Century Business can also be seen on various Internet Television outlets such as YouTube, iTunes Podcast, MSN Video, Yahoo! Video and many more.
Negative
Make no mistake about it: the 21st century is one of the most stressful periods of human history, so far as the average citizen is concerned. Despite vast improvements in many areas of life for most everyone (as well as an explosion in personal opportunity for fame and fortune such as the world has never seen before), the domination of largely unbridled pure economics and virtually unrestrained technological development on human affairs at this time makes for daily stresses probably unimaginable by 20th century natives, or those born in the subsequent 22nd century. For instance, a substantial portion of the most developed geopolitical blocs actually cut back many traditional social programs such as Social Security, pensions, and subsidies for child care, public education, and medical insurance (or else decimate them through woefully misguided privatization attempts) in the late 20th/early 21st centuries. Of course, these cutbacks often result in mass unrest and dissatisfaction among the populace of those states, which creates yet another source of instability and stress for many citizens-- until the political backlash manages to reverse the courses of many governments on the issues. The immense uncertainty about many matters is bad enough, but what certainty does exist is often still worse...
The often barely restrained financial markets of the late 20th century may offer cautionary tales for the much freer global markets of the 21st-- especially where geopolitical governments increasingly bow to the regulatory wishes of mega-corporations (regardless of social welfare). The former markets were volatile, "...prone to speculative ruin...[and]...more vulnerable to self-inflicted calamity..." due in large part to a given market's regulation by governments being inversely proportional to that market's size. Laissez-faire economies may have no natural defense against excessive and destabilizing speculation. In the late 20th century there was no single institution of sufficient power and wisdom to temper global excesses in the financial markets as certain national concerns could do for inidividual countries
How, exactly, will these forces reshape the 21st century corporation? The organizations that flourish will have several defining features.
-- It's management by Web.
That means not just Web as in Internet but the web-like shape of successful organizations in the future. If there are a pair of images that symbolize the vast changes at work, they are the pyramid and the web. The organizational chart of large-scale enterprise had long been defined as a pyramid of ever-shrinking layers leading to an omnipotent CEO at its apex. The 21st century corporation, in contrast, is far more likely to look like a web: a flat, intricately woven form that links partners, employees, external contractors, suppliers, and customers in various collaborations. The players will grow more and more interdependent. Fewer companies will try to master all the disciplines necessary to produce and market their goods but will instead outsource skills--from research and development to manufacturing--to outsiders who can perform those functions with greater efficiency.
Managing this intricate network of partners, spin-off enterprises, contractors, and freelancers will be as important as managing internal operations. Indeed, it will be hard to tell the difference. All of these constituents will be directly linked in ways that will make it nearly impossible for outsiders to know where an individual firm begins and where it ends. ''Companies will be much more molecular and fluid,'' predicts Don Tapscott, co-author of Digital Capital. ''They will be autonomous business units connected not necessarily by a big building but across geographies all based on networks. The boundaries of the firm will be not only fluid or blurred but in some cases hard to define.''
It's more about bits, less about atoms.
The most profitable enterprises will manage bits, or information, instead of focusing solely on managing atoms (the corporation's physical assets). Sheer size will no longer be the hallmark of success; instead, the market will prize the ability to efficiently deploy assets. Good bit management can allow an upstart to beat an established player; it can also give an incumbent vast advantages. By using information to manage themselves and better serve their customers, companies will be able to do things cheaper, faster, and with far less waste.
It's mass customization.
The previous 100 years were marked by mass production and mass consumption. Companies sought economies of scale to build large factories that produced cookie-cutter products, which they then sold to the largest numbers of people in as many markets as possible. The company of the future will tailor its products to each individual by turning customers into partners and giving them the technology to design and demand exactly what they want. Mass customization will result in waves of individualized products and services, as well as huge savings for companies, which will no longer have to guess what and how much customers want.
It's dependent on intellectual capital.
The advantage of bringing breakthrough products to market first will be shorter-lived than ever, because technology will let competitors match or exceed them almost instantly. To keep ahead of the steep new-product curve, it will be crucial for businesses to attract and retain the best thinkers. Companies will need to build a deep reservoir of talent--including both employees and free agents--to succeed in this new era. But attracting and retaining an elite workforce will require more than huge paychecks. Corporations will need to create the kind of cultures and reward systems that keep the best minds engaged. The old command-and-control hierarchies, with their civil-service-like wages, are fast crumbling in favor of organizations that empower vast numbers of people and reward the best of them as if they were owners of the enterprise.
It's global.
In the beginning, the global company was defined as one that simply sold its goods in overseas markets. Later, global companies assumed a manufacturing presence in numerous countries. The company of the future will call on talent and resources--especially intellectual capital--wherever they can be found around the globe, just as it will sell its goods and services around the globe. Indeed, the very notion of a headquarters country may no longer apply, as companies migrate to places of greatest advantage. The new global corporation might be based in the U.S. but do its software programming in Sri Lanka, its engineering in Germany, and its manufacturing in China. Every outpost will be seamlessly connected by the Net so that far-flung employees and freelancers can work together in real time.
It's about speed.
All this work will be done in an instant. ''The Internet is a tool, and the biggest impact of that tool is speed,'' says Andrew S. Grove, chairman of Intel Corp. (INTC) ''The speed of actions, the speed of deliberations, and the speed of information has increased, and it will continue to increase.'' That means the old, process-oriented corporation must radically revamp. With everything from product cycles to employee turnover on fast-forward, there is simply not enough time for deliberation or bureaucracy.
The 21st century corporation will not have one ideal form. Some will be completely virtual, wholly dependent on a network of suppliers, manufacturers, and distributors for their survival. Others, less so. Some of the most successful companies will be very small and very specialized; others will be gargantuan in size, scope, and complexity.
Some enterprises will last no longer than the time it takes for a new product or technology to reach the market. Once it does, these temporary organizations will pass their innovations on to host companies that can leverage them more quickly and at less expense. The reason: Every company has capabilities, but also disabilities, as Harvard Business School's Clayton M. Christensen puts it. The disabilities--things like deeply held beliefs, rituals, and traditions--often smother radical thinking. Some biotech upstarts, for example, have already served as external labs for large, powerful pharmaceutical companies. Some technology ventures have drawn seed capital from Cisco Systems Inc. (CSCO), only to be acquired by the network giant once the technology has been proven.
CULTURAL CHANGE.
The potential for productivity gains is everywhere, in every process, in every industry. The bigger the company and the larger its costs, the greater the opportunity to see tremendous efficiencies. In the years to come, large incumbent corporations that get it will be the greatest beneficiaries of the Net, not the dot-com insurgents that once garnered all the publicity and market valuations.
Despite a handful of leading-edge companies, the true 21st century corporation, at least as it will eventually emerge, does not yet exist. John F. Welch Jr. of General Electric Co. may have created the archetypal ''learning organization,'' a highly diverse company that shares ideas across its many boundaries. Chambers of Cisco Systems may boast the most networked organization in the world, a company in which nearly all its administrative functions are conducted over the Internet. Michael S. Dell may have built the most efficient supply-chain network ever, a model that requires virtually no inventory. But there is no one company today that embodies all the possibilities and promise of the superefficient 21st century corporation.
visit my blog:
http://gleizelle@bloggers.com
Refferences:
http://www.jrmooneyham.com/s2183ref.html
http://www.21cbtv.com/
http://www.businessweek.com/common_frames/ma_0035.htm?/2000/00_35/b3696011.htm
No comments:
Post a Comment