20 Years of Research in Electronic Markets and Networked Business: An Interview with Thomas Malone
- 325 Downloads
Introduction and Overview
Malone, Thomas W., Yates, JoAnne, and Benjamin, Robert I. Electronic Markets and Electronic Hierarchies. Communications of the ACM, 1987, 30 (6), pp. 484-497.
By reducing the costs of coordination, information technology will lead to an overall shift toward proportionately more use of markets—rather than hierarchies—to coordinate economic activity.
According to Google Scholar, the article has been cited (as of January 9, 2011) 2,447 times in the literature. “Electronic Markets and Electronic Hierarchies” is a seminal paper and has become a classic since it first was published 23 years ago in the Communications of the ACM in 1987.
Impacts on markets and organizations
Adoption in eMarkets and interorganizational...
KeywordsOrganizational Form Collective Intelligence Electronic Market Efficient Market Hypothesis Picot
- Chandler, A. D. (1962). Strategy and structure. New York: Doubleday.Google Scholar
- De Sola Pool, I. (1983). Technologies of freedom. Cambridge: Harvard University Press.Google Scholar
- Malone, T. W. (1990). Organizing information processing systems: Parallels between organizations and computer systems. In W. Zachary, S. Robertson, & J. Black (Eds.), Cognition, computation, and cooperation. Norwood: Ablex Publishing Corp.Google Scholar
- Malone, T. W. (2004). The future of work: how the new order of business will shape your organization, your management style, and your life. Boston: Harvard Business School.Google Scholar
- Malone, T. W., Laubacher, R., & Dellarocas, C. (2010). The collective intelligence genome. Sloan Management Review, 51(3), 21–31 (Reprint No. 51303. Also available at: http://sloanreview.mit.edu/the-magazine/articles/2010/spring/51303/the-collective-intelligence-genome/#1).Google Scholar
- Prahalad, C. K., & Hamel, G. (1990). The core competence of the corporation. Harvard Business Review, 68(3), 79–91.Google Scholar
- Wigand, R. T., Picot, A., & Reichwald, R. (1997). Information, organization and management: Expanding markets and corporate boundaries. Chichester: Wiley.Google Scholar
- Williamson, O. E. (1975). Markets and hierarchies. New York: Free Press.Google Scholar
- Wyner, G. M., & Malone, T. W. (1996). Cowboys or commanders: does information technology lead to decentralization? Proceedings of the International Conference on Information Systems, Columbus, OH, December 15–18.Google Scholar
- Yates, J. (1993). Control through communication: The rise of system in American management (Studies in Industry and Society). Baltimore: Johns Hopkins University Press.Google Scholar