article thumbnail

Fueling Business Process Management with the Automation Engine that Can!

Strategy Driven

In the early 20th century, Frederick Taylor promoted the profitable benefits of business efficiency, productivity, and increasing worker output. Taylor’s business process analysis gave birth to his theory of scientific management, which came to be known by modern-day businesses as, “business process management,” or BPM.

article thumbnail

Managing in an Age of Winner-Take-All

Harvard Business Review

Tumbling transaction costs are altering the economics of organizations and, at a stroke, invalidating old business models. The question is: How will management advance to influence the path and force of these revolutions?