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Public Listed Companies and Fund Managers - Academic ...

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Aurilla Aurelie Bechina <strong>and</strong> Eli Hustad<br />

Organizational dimensions Enterprise 1.0<br />

Hierarchical<br />

Enterprise 2.0<br />

Heterarchic<br />

Boundaries Clearly specified, persistent Fuzzy <strong>and</strong> permeable<br />

Work process Routine work, st<strong>and</strong>ardized, rulebased<br />

Improvised, flexible, participative<br />

Direction Management comm<strong>and</strong>s Self-managing<br />

Individual motivation Satisfy superiors Achieve team goals<br />

Learning Specific skills Broader competencies<br />

Composition Homogenous Heterogeneous<br />

Performance criteria Established, singular Emergent, multiple<br />

Watchword Stability, inertia Speed, adaptability<br />

Scholars suggest that new organization forms such as the heterarchy which represents a postbureaucratic<br />

organizational form are more prepared for adapting effectively to new conditions of<br />

volatility <strong>and</strong> virtual spaces compared to traditional forms. Heterarchy is as well defined by David<br />

Stark as ‘an emergent organizational form with distinctive network properties <strong>and</strong> multiple organizing<br />

principles’ (Stark 2001).<br />

To keep up with the dynamic environment, some firms are experimenting with dynamic strategy such<br />

as the perpetual beta approach, <strong>and</strong> forms of organizing that are more open, interconnected <strong>and</strong><br />

adaptive (Ciborra, 1996; Neff & Stark, 2003).<br />

4 Web 2.0 implications<br />

It is recognized among the Practitioners that focusing only on technologies will not insure the success<br />

of Web 2.0 deployment. E2.0 could have happen even without technologies due to the fact that it is a<br />

socially-driven evolution that did not originate from a technology push nor from a dem<strong>and</strong> pull (AAIM,<br />

2008). Hence, adopting E2.0 is not about using others software tools but rather means that people<br />

have to reconsider their business routine by incorporating the collaborative paradigm in their daily<br />

work. Organizational dimension should be considered by fostering change management strategy<br />

while trying to implement new technology. Underst<strong>and</strong>ing organizational challenges means<br />

underst<strong>and</strong>ing the E2.0 adoption barriers, which identify the critical success factors.<br />

The penetration of new technologies in the workplace has generated new type of issues <strong>and</strong><br />

challenges. For example, selection <strong>and</strong> adoption of technology is a complex process that is based on<br />

a number of alternatives including technological choices, perceived benefits, cost based models <strong>and</strong><br />

organizational strategies. However technology itself needs adaptation to organizational goals <strong>and</strong><br />

strategies (Laulmann, Nadler, & O’Farrell, 1991).<br />

Motivations for technology use are both intrinsic <strong>and</strong> extrinsic. Adaptability of technology to user<br />

needs, user confidence, <strong>and</strong> motivation to its adoption are key factors to underst<strong>and</strong>. Kanter’s has<br />

identified five characteristics of successful technology adoption, the five Fs -: Focused, Fast, Flexible,<br />

Friendly, <strong>and</strong> Fun (Kanter, 1990).<br />

Dias (2002) identified three motivation factors for using technology, namely; perceived usefulness,<br />

perceived ease of use, <strong>and</strong> perceived enjoyment. He argues that “information technology<br />

implementation is an intervention we make in order to improve the effectiveness <strong>and</strong> efficiency of a<br />

socio-technical system” (Dias, 2002).<br />

The deployment of novel Web 2.0 tools requires underst<strong>and</strong>ing the factors that will facilitate or inhibit<br />

the full adoption of their use in the workplace. It is important to examine some of the organizational<br />

issues that E2.0 must face such as governance, culture, leadership, incentive schemes, <strong>and</strong> value<br />

capture.<br />

24

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