This thought has kept occurring over the last few years:
“Information management is management”
This is true in a number of ways:
- traditional styles of management maintain their power by withholding information
- market-based management increases transparency through information
- there is now to much information – and managing it sometimes feels like the whole deal
- market-based management ensures integration of feedback – usually in the form of information
- market-based management ensures the manipulation of the right information has appropriate impact on the performance of the organisation (i.e. manage the information and you manage the organisation)
- The Hayek “The Use of Knowledge in Society” sense