kaal:claim:3227933-026

A particular problem with old world centralized, hierarchical organizations is that their decision-making processes become slow, cumbersome and costly, which is a competitive problem for incumbents in a fast-paced consumer-driven economy.

Source quote, verbatim

A particular problem with "old world" centralized, hierarchical organizations is that decision-making processes can become slow, cumbersome and costly.

From

Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Why 'Blockchain' Will Disrupt Corporate Organizations (2018), 6. Escaping a “Centralized World”, p. 14
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

Holds when

fast-paced, consumer-driven economy

Classification

failuresupport: arguedfailure: Slow centralized decision-makingfamily: rule-obsolescence-and-ossificationinstitutional-design

Verify

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