Direct_and_indirect

Productivity, and profits, in an entrepreneurial economy are achieved by working on complex projects where progress isn’t made in a straight line, but in a seemingly rambling, meandering path, combining different concepts, skill sets and experiences from different domains.

The idea that coordination, by itself, can be a source of advantage is a very deep principle. It is often underappreciated because people tend to think of coordination in terms of continuing mutual adjustments among agents. Strategic coordination, or coherence, is not ad hoc mutual adjustment. It is coherence imposed on a system by policy and desig

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