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07 April, 2006 02:52 PM EST
New Management Science
Posted By: Mark Raskino, VP & Gartner Fellow

I agree, Richard. Many of the management science techniques applied in business today originated from the industrial era. Computing has put them on steroids and made them more effective (or example, via the spreadsheet), but it's the completely new techniques that could be operated only in a networked computerized era that may prove revolutionary. Management culture takes decades to evolve (whole generations of leaders must sometimes pass by before new techniques can take hold). I read about ideas like "beyond budgeting" and "real options" with interest, but recognize that very few companies are ready to take them on...yet. Actually, we are hoping to have an analyst address this "new management science" topic in a new presentation at Spring Symposium in May.