Interesting – thank you. You explained what organisations are, what essential elements make up an organisation. Has the fundamental answer to *why* they exist changed at all? Is it still transaction cost? (Of course, the nature of transaction costs continues to change, but that just moves the boundary of an organisation.)
thank you Niels, it's always good to remind that seminal piece of work. Would love to have you and Silke on the podcast to look back to what has changed (or not) and how Gen AI might (or not) change the picture
I don't think that Org Physics have changed at all. Our collective insight into it may have gotten more profound. But by and large people still ignore it and thus waste a lot of potential - human potential, and also potential in the use of AI!
Interesting – thank you. You explained what organisations are, what essential elements make up an organisation. Has the fundamental answer to *why* they exist changed at all? Is it still transaction cost? (Of course, the nature of transaction costs continues to change, but that just moves the boundary of an organisation.)
I think that organizing is somewhat immanent (we can’t not organize)
The first of the six questions is not unanswered. Not at all.
It was answered back in 2011: https://betacodex.org/white-papers/paper/org-physics-explained-11
Some may still be in denial, though.
thank you Niels, it's always good to remind that seminal piece of work. Would love to have you and Silke on the podcast to look back to what has changed (or not) and how Gen AI might (or not) change the picture
With pleasure.
I don't think that Org Physics have changed at all. Our collective insight into it may have gotten more profound. But by and large people still ignore it and thus waste a lot of potential - human potential, and also potential in the use of AI!