The business environment is now changing rapidly, but will change even more rapidly in the future. Only firms that can respond to these changes will survive. It is important to know, then, how business’s future landscape will look. George Huber’s new book, The Necessary Nature of Future Firms, describes this landscape clearly and credibly and makes explicit the organizational attributes and management practices firms must possess to be among the ranks of the “future firms.” The Necessary Nature of Future Firms is written for managers, especially those managing change. Professionals in a wide variety of organizational roles will find it a particularly useful reference for its foresight and as an invaluable tool in winning approval for projects and initiatives. Academics in change management, information systems, organizational science, strategy, and human resources management can draw on the book as a supplementary text or as a source for lecture materials.

Leveraging Learning by Managing Knowledge
Leveraging learning by managing knowledge

Georgetown University's Robert Grant reflects the belief of many of those who conduct research in the area of strategic management when he states that “knowledge has emerged as the most strategically-significant resource of the firm” (1996b: 375). As would be expected, and as the examples of this chapter will make clear, beginning in the 1990s many firms realized the need to more formally manage this resource. In Chapter 5, we saw that the rapid growth in the world's stock of knowledge, combined with the heightened need to innovate in response to the increasing competitiveness of the business environment, will lead firms to acquire knowledge at unprecedented rates.a How will future firms deal with this blessing and ...

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