Download This PaperThe Phase Transition of Markets and Organizations: The New Intelligence and Entrepreneurial Frontier
IEEE Intelligent Systems, IEEE Intelligent Systems, 25 (1): 71-75, 2010
5 Pages Posted: 5 Sep 2015
Date Written: 2010
Abstract
When Adam Smith wrote the Wealth of Nations in 1776, he concluded that individuals, firms, and nations obtain comparative advantage by specialization. Markets worked as the invisible hand to efficiently allocate resources between specialized parties. During the Industrial Revolution, manufacturing organizations helped the nation become wealthy by creating mechanisms for the internal allocation and integration of resources to produce largely tangible output. Today, both markets and organizations are undergoing a phase transition.
Suggested Citation: Suggested Citation
Lusch, Robert and Liu, Yong and Chen, Yubo, The Phase Transition of Markets and Organizations: The New Intelligence and Entrepreneurial Frontier (2010). IEEE Intelligent Systems, IEEE Intelligent Systems, 25 (1): 71-75, 2010, Available at SSRN: https://ssrn.com/abstract=2655802
Do you have negative results from your research you’d like to share?
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.