I think we are in the early stages of a change toward much more human freedom in business. And I think this change may be as important for businesses as the change to democracy has been for governments. The reason I think that's happening is because it's now possible for the first time in human history to have the economic benefits of very large organizations. Things like economies of scale and knowledge and at the same time to have the human benefits of small organizations. Things like freedom, flexibility, creativity, and motivation. The reason I think that's possible is because Information Technology has now reduced the cost of communication to such a low level that it's now possible for huge numbers of people even in very large organizations to have enough information to make sensible decisions for themselves instead of just following orders from someone above them who supposedly knows more than they do in a management hierarchy.
We are in the early stages of a change toward more human freedom in business, it is happening because it’s now possible to have economic benefits of large organizations and human benefits of small businesses. Information Technology has reduced the cost of communication to a low level that now large corporations can have enough information to make sensible decisions for themselves instead of just following orders from someone above them.
