Historian Elin Whitney-Smith on the Information Revolution

Here’s an excellent interview with historian Elin Whitney-Smith about the nature of the Information Revolution (thanks to my brother, Jeremy, for this reference).

A key quote:

Digital technology makes it possible for those who have a vested interest in the long-term health of the organization to have more information. In new, flatter organizations, the rank and file will know everything about the organization, including its financial secrets. They will know everybody’s salary. They will be able to say, “Well, I think you’re making too much for the amount of value you’re producing. You can’t siphon off that money, because we need to reinvest it.” Companies that become flatter, that look more like networks and less like hierarchies, and that reform their finances, will be able to survive. Otherwise, companies that use these new ways of organizing will out-compete the old.

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