A source of innovation for publishers

William Jovanovich

The division of labor allows specialists to focus on their strengths in the marketplace. The idea is as good and useful today as it was when Adam Smith first talked about it in The Wealth of Nations. But the division of labor can also create other divisions -- divisions of assumptions, incentives, communication, and creativity. Sometimes I think that these divisions can do as much damage to a business as the division of labor does it good.Wise minds in the industry have addressed this problem … [Read more...]


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