1. The MIT Scenario Working Group was comprised of a Scenario Creation and Scenario Review Group. Members of the two groups are listed in the acknowledgements.

  2. On the history and methods of scenario planning, see Wack (1985a, 1985b); de Gues (1988); and Schwartz (1991). Kleiner (1996a) gives a brief history of the rise of scenario planning at Shell and its continuation by many of the Shell practitioners through their work at Global Business Network.

  3. Several of the events where the 21st Century Initiative scenarios were discussed are described in Halperin (1994); CEO Thought Summit (1995); and Kleiner (1996b).

  4. The narrative descriptions of both scenarios included in this chapter are excerpted and adapted from a report on a meeting jointly sponsored by the 21st Century Initiative and Global Business Network in November 1995; see Kleiner (1996b, 5–7).

  5. An early version of the automobile industry scenario set out here appears in Malone (1993).

  6. On the film industry in the vertically-integrated studio era, see Schatz (1988) and Bordwell et al. (1985); on the post-studio era, see Lewis (1985) and Pierson (1996). The Prato region's textile industry is described in Enright (1995); Jaikumar (1986); and Voss (1994). The apparel industry's structure is recounted in Voss (1994), and Silicon Valley practices are discussed in Saxenian (1994) and Jackson (1996).

  7. Sloan faculty member Maureen Scully created a series of vignettes dramatizing the possible fate of several character types—authoritarian CEO, "enlightened" senior manager, engineer, vocational trainer, unemployed inner city resident—under the two MIT scenarios, and these were presented, with the parts played by professional actors, at the MIT Industrial Liaison Program Symposium in May 1994; see Scully (1994).

  8. The literature on unions and other organizations created by the industrial working class is vast. Two classic works addressing the early years of the industrial era are Thompson (1964) and Foner (1970).

  9. The term "virtual countries" was brought to the attention of the MIT Scenario Working Group by executives at National Westminster Bank, one of the 21st Century Initiative's founding sponsors. The term was then used inside NatWest to refer to an organization that now possesses or might in the future attain some of the important characteristics of a nation-state. The European Union, for example, was referred to as a "virtual country" within NatWest. The NatWest usage was thus somewhat broader and more general than the quite specific meaning applied to the term in the MIT scenarios.

  10. See Kramer (1997); cited figures were based on global data collected by Securities Data Company on merger and acquisition activity, joint ventures and partnerships and venture funding.

  11. Taylor (1991) discusses ABB's practices. The 21st Century Initiative's Interesting Organizations project examined GE and Johnson & Johnson; on the database, see chapter 7 of this volume. Bartlett and Ghoshal (1993) suggest that the innovative organizational forms put in place in recent years at ABB and a handful of other firms—GE, 3M, Toyota, Canon—represent a new model likely to replace the multidivisional structure that has been dominant for the last half-century.

  12. The notion of a taboo against marriage between employees of different firms was explored by the science fiction writer William Gibson in his futuristic novel Neuromancer; see Gibson (1984).

  13. The idea of employee election of managers was developed in detail by Bruce Sterling in his science fiction novel, Islands in the Net; see Sterling (1989).

  14. On the growing influence of institutional investors, see Useem (1996). Another testament to the increasing assertiveness of employee pension fund managers is a piece by the general counsel of CALPERS, the California Public Employees Retirement System, contending that the pension funds' longer investment horizons will eventually prevail over the short-termism that resulted in the "hollowing out" of many U.S. companies in the 1990s. See Koppes (1996).

  15. ESOP figures from National Center for Employee Ownership; see

  16. Whyte and Whyte (1991) give an account of the rise and development of the Mondrag n cooperatives. Thomas and Logan (1982) examine the economic performance of the cooperatives.

  17. The seminal work on this subject in economics is Coase (1937). Williamson (1975) revisited the questions originally posed by Coase and triggered a wave of work on this set of issues. A good review of economists' work in this area is Holmstr m and Tirole (1989). Though he approaches the question from a different perspective, the business historian Alfred Chandler attributes the rise of the modern corporation largely to the "internalization"—for the purpose of achieving economies of various sorts—within large firms of functions formerly performed by small firms transacting in arm's-length fashion in the marketplace; see Chandler (1977).

  18. The work that initiated recent discussion about the decline of civil society was Putnam (1995). For a broad-ranging analysis of the possible causes for the decline, see Putnam (1996). Lemann (1996) presents an opposing point of view.

Inventing the Organizations of the 21st Century
Inventing the Organizations of the 21st Century
ISBN: 026263273X
EAN: 2147483647
Year: 2005
Pages: 214

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