Eldar University - IT and Economy

The Paperwork Reduction Act (PRA) is a United States federal law enacted in 1980 designed to reduce the total amount of paperwork burden the federal government imposes on private businesses and citizens. United States Federal Law enacted by the 96th United States Congress. Effective December 11, 1980. #ITManagement #Management #Economy #ParasiticLoops #Complexity #TechnicalDebt This article explains the phenomenon of Economy of Complexity, its kinds and when does it become really bad. What is Economy of Complexity? What is this, Economy of Complexity? To make it short, the economy of complexity appears when a significant cost for a customer comes not from the materials and labor costs, but rather from the artificially raised beyond measure complexity of the process, service or a product . The classic example of the economy of complexity is bureaucracy. Imagine that you live a couple of centuries earlier than our time and come to some small European city to an insignificant city clerk w...

#KnowledgeEconomy #DiscoveryEconomy #ITManagement #Management #SocialNetworkEffects #UniversalEvolution This article explains why any knowledge economy company represents an evolutionary environment, why this is important, and how it works with the factors which affect the market fit of your company. The topic is most likely of interest for managers or CEOs. This is done using a computer simulation model. Really? Office Evolution? Yes. Check other articles on this site. There is a theory of universal evolution which applies generic principles of evolution to non-biological systems. It says that you have evolutionary environment whenever you have: A limited pool of resources, e.g. an ecological niche, audience or salary fund. A number of entities that compete for this pool of resources. Eventual demise and reproduction of these entities with sort of inheritance and mutations. A typical business satisfies all these conditions. It has: A limited salary and bonus fund. Employees compete fo...

  #KnowledgeEconomy #DiscoveryEconomy #ITManagement #Management #SocialNetworkEffects #Neurophysiology This article talks about why so popular in the past methods of controlling workers by fear is bad not just ethically but for the company performance and productivity as well as bringing the lasting cultural and financial damage to the company working in the Knowledge Economy. Management by fear is not new to the Human civilization. Treatment of slaves, medieval peasants, factory workers was normally based on fear. And it worked! Well, occasional cases of treating all those differently sometimes brought much more impressive results. For example, in the Ancient Rome some family slaves pretended to be their own owners and died for them, when the latter ones hit a proscription list. Villages in Russia have prospered and brought much higher income to the owners when they treated peasants well. Still these were exceptions, and in the majority of cases people were managed by fear. We all...