Contracting for Innovation FINAL
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Class notes
2014-09-10 notes
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2014-09-10 notes.pdf
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Book the Machine that Changed the World
Book Wealth of Nations
Cannot Do Nothing on Its Own
Change to Specialists and Replicable Results
Chasing the Rabbit
Clear Expectations + Thresholds
Contracts May Require Expectations and Incident Reporting
Decline of Economies of Scale
Deviations from Expectations Imply Thresholds
Disruption in Supply by Accidents or Opportunism
Efficiency Gains by Climbing the Learning Curve
Efficiency Gains by Reducing Times between Stages of Production
Example Nuclear Marine
Expected Outcome = Expectations
Expected Outcomes Means Limits
High Velocity of Organizations
Hold Outs by Suppliers
Just in Time
Kaisen = Visible Problems, Learning
Kaisen Means Problem Solving Capacity
Kaizen = Push down to Lowest Level for Solutions
Paradox = Specialization Decreases the Value of Individual Parts
Problem of Mass Production = Monopoly
Problem Solving Skills
Reduce Ambiguity with Transparency
Small to Collective Knowledge
Specialization = Subdivision of Labor
System Is so Fragile that It Stops with Unconformity
The More You Divide, the More Simple a Task Is
The Solution Is Vertical Intergration
Toyota System
Unpredictable Means Uninvestable