Basic Education

The Future of Work is a business book written by Thomas Malone.  Through his experience as a Professor of Management at MIT Sloan School of Management and the founding director of numerous MIT organizations, Malone has come up with a way to revolutionize all organizations for a better, more decentralized workforce.  In the business world today many organizations seem to believe that decisions should be made by top ranking CEO’s, managers, etc.  However, Malone believes that if we start allowing all levels of people involved in the organization to have a say so that we can change the future of work.

The book has one primary focus: decentralization.  In this book, decentralization is defined as ‘the participation of people making the decisions that matter to them.’  In even simpler terms, it’s about giving the people more freedom.  More freedom can be given through loose hierarchies, democracies and markets.  The amount of freedom ranges within each structure.

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Executive Summary

In Competing for the Future, Gary Hamel and C.K. Prahalad give their analysis and vision of moving beyond present to create the future.  They provided the tools and concepts needed to challenge the industries strategic performance for the future.  They are trying to create ambitious aspiration for the future and all in its importance.  Hamel and Prahalad emphasize that companies are only worried about now and not concerned about the future companies to come.  Companies will become old and die out if they don’t change their ways and adapt to popular ways of the industry.  Strategizing is the key to keeping customers and staying loyal to their needs.  Industries are in need of breakthrough leaders and workers who will put in the work to drive a company in the path it needs to go.

The Ten Things Managers Need to Know fromCompeting for the Future

1.            Not being prepared for the future results in poor process design and low profits in return.

2.            Companies need to reengineer processes and continuous improvements towards the future to secure a spot in todays and future industry.

3.            Reinventing industries and companies goals will help out in the long run of customer satisfaction.  Making sure customers are taking care of can make a business financially stable.

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