Complexity horizon definition12/12/2023 But he insists that he (and he alone) has that testable theory of management and when he describes it, his audience immediately divides into those who love him and those who hate him. Jaques left it at that, he would probably have a very successful, conventional career as a management pundit. Superstitions about the New Economy or the value of "synergy" or "diversification" come and go, but there is no compelling, generally accepted theory reliable enough to predict profitability in the same way that, say, Harvey's theory of the circulation of the blood predicts the behavior of our circulatory systems. ![]() That's why the track record is so dismal for predictors of corporate performance (and why the recent dot-com bubble will not be the last). Jaques (pronounced "Jacks") is still right. "Today," he went on to say, "there is not one single, well-established concept in the field of management on which you can build a testable theory." People throughout the room gave a little sigh of recognition everyone there knew that he was right.ĭr. He reminded his audience of the medical realities of the early Renaissance: Alchemy was still considered credible bloodletting was a well-accepted cure and barbers performed most surgical operations. ![]() ![]() "Management is in the same state today that the natural sciences were in during the 17th century." The speaker was Elliott Jaques, best known as the author of Requisite Organization, at a talk at MIT's Sloan School of Management several years ago.
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