kaal:claim:3227933-001

Centralized, hierarchical organizations are defined by three features: a centralized source of authority, a closed formal hierarchy with functionally differentiated roles, and standardized bureaucratic procedures dictated and policed by that hierarchy.

Source quote, verbatim

(i) a centralized source of authority; (ii) a closed and formal hierarchy with clearly defined and functionally differentiated roles; and, (iii) standardized (bureaucratic) systems and operating procedures dictated and policed by the centralized authority/hierarchy.

From

Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Why 'Blockchain' Will Disrupt Corporate Organizations (2018), 1. Introduction, p. 5
https://ssrn.com/abstract=3227933 · source PDF

Cite as

Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Why 'Blockchain' Will Disrupt Corporate Organizations (2018). SSRN: https://ssrn.com/abstract=3227933

Classification

definitionalsupport: asserteddecentralizationinstitutional-design

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