`This body of knowlege should be of interest to human resource management specialists. ...[and] to those who are interested in developing their knowledge and understanding of corporate learning and what a learning organisations is. Indeed, [it]... will appeal ...to academics as it offers a useful introduction ....and offers some pointers for devising human resource management strategies' - Peter Trim, University of London, British Academy of Management News `Drs Richard C Huseman and Jon P Goodman set forth a strategic model for conceptualizing and leveraging knowledge that is invaluable for executives who want to capture, share, and leverage the power of knowledge assets.' - Thomas Sattelberger, Corpora

The Classic Corporation

The classic corporation

Knowledge is the only instrument of production that is not subject to diminishing returns.

—J. M. Clark

The modern American corporation was born in a train wreck. During the early expansion years of the American railroad system, stretches of track were usually no more than 50 to 100 miles long and trains traveled in only one direction. Individual superintendents and their assistants managed them. As the railroads expanded, switching technology enabled trains to travel in both directions and share the same piece of track. However, the more extensive a railroad became, the more difficult it became to manage. Head-on collisions, scheduling problems, and the need for effective cargo management finally brought about a new system of organizational structure and management. These problems ...

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