Managing by wire
Managing by Wire is a management strategy for enterprises of a dynamically changing market with a high level of concurrency.
The concept forces a switch from a conventional make-and-sell model to sense and respond to the rapidly changing customer needs using modern information technologies. As an analogue, a fly-by-wire concept invented in the 1950s for jets is presented. According to fly-by-wire, a pilot must focus on general flight parameters while information technologies control the plane and react to the changing environment.
History
Managing by Wire was first presented in Harvard Business Review in 1993 by Stephan Haeckel and Richard Nolan.[1]
Key principles
The key principle is to create a digital model of the enterprise describing (at the most detailed level) processes taking part. As a digital model is created, managing of the enterprise must move their focus from manipulating real-world processes to programming procedures and changes to the digital model, which in turn influence real-world processes.
References
- ↑ Stephan H. Haeckel and Richard Nolan (1993-10-13). "Managing by Wire". Harvard Business Review.
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