Thaksinitis

The Man Who Would Be Thailand's Emperor

Read my Thai blog at http://boonhod.blogspot.com

Friday, August 23, 2002

Economies of Speed

This is what I found on economies of speed (http://www.systemicbusiness.org/pubs/2001_IBM_ABI_Scale_Scope_Speed.pdf).

"Management should be motivated by at least one of the economies (scale, scope, speed). The visible hand can decrease costs more rapidly than the invisible hand through economies of speed -- integration of work [and] coordination of work flows."

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