Technology and Corporations

Fortune has excerpts from a Brainstorm 2004 panel entitled, “Technology and the Modern Corporation: How Different Will It Become?” Writes David Kirkpatrick:

Wipro’s Paul talked about how companies were virtualizing–becoming focused on their core competence and outsourcing the rest (to companies like Wipro, of course). Malone talked about his belief that the balance of power in business is shifting from management to the employee. GM’s Scott made some surprising remarks about how the new balance of power was manifested at the carmaker. That company really does seem to be moving toward becoming virtual. Schwartz of Sun explained how his company is concretely reacting to the breakdown in the hierarchy of business–everybody there is now blogging, including him. That means secrets just aren’t what they used to be. Anderson threw in some cautionary words urging everybody else to avoid becoming too utopian. And finally, from the floor came surprising voices–CEO Meg Whitman explaining how she governs eBay, everybody’s favorite example of today’s paradigmatic company; and Wal-Mart board member Jim Breyer on the challenges of adapting to the new world of empowerment while simultaneously operating in an increasingly regulated environment.

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Rajesh Jain

An Entrepreneur based in Mumbai, India.