In the face of societal and generational change, will organizational hierarchies fall flat—and could the end of hierarchies spell the future of work? Delve investigates such critical management and business questions in the cover story of Delve’s Spring 2023 digital magazine Reworking Bureaucracy. Changes to work life in the post-pandemic era are well known and intimately felt. Lately, the workplace zeitgeist has also shifted to questioning the purpose of workplace hierarchies, revealing implications for staff retention, employee loyalty, career trajectories, and company culture. The prospect of a post-hierarchical workplace is a double-edged sword.
What does the business firm of the future look like? In a special episode of the Delve podcast investigating digital platform economies, blurred firm-market boundaries, and shifting bureaucracies, Nobel Prize in Economics winner and Paul A. Samuelson Professor of Economics Emeritus at MIT Bengt Holmström speaks with Desautels professor and Delve Editor-in-Chief Saku Mantere. Their conversation investigates how companies are changing today: What social structures, financial factors, and digital technologies are at play in how contemporary businesses are changing the traditional nature of the firm? And are hierarchical bureaucracies and conventional leadership soon to become a thing of the past?