The sufficiency and effectiveness of business systems is an essential element in the project management ecosystem. Far beyond performance measurement of the actual effort, the sufficiency of the business systems to support the effort are essential in its success. If the systems in place do not properly track and record the transactions behind the work being performed, the credibility of the data is called into question. Furthermore, support and logistical systems, such as procurement, supply, and material management, contribute in a very real way, to work accomplishment. If that spare part isn’t in-house on time, the work stops.
(more…)Michael Froomkin
Family Affair — Part III — Private Monopsony, Monopoly, and the Disaccumulation of Capital
It’s always good to be ahead of the power curve. I see that the eminent Paul Krugman had an editorial in the New York Times about the very issues that I’ve dealt with in this blog, his example in this case being Amazon. This is just one of many articles that have been raised about the monopsony power as a result of the Hatchette controversy. In The New Republic Franklin Foer also addresses this issue at length in the article “Amazon Must Be Stopped.” In my last post on this topic I discussed public monopsony, an area in which I have a great deal of expertise. But those of us in the information world that are not Microsoft, Oracle, Google, or one of the other giants also live in the world of private monopsony.
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Life, Project Management, and Everything 