As you know I think much of the UK's economic doldrums are caused by rubbish management; both in the sense of not being very good at it, and specifically the managerial mindset that workers are a cost to be reduced, not the organisation's key asset that needs to be invested in.
Two charts from the FT reinforce that argument (albeit only via correlation)... at the very same time that more people are mangers than workers, our productivity gains have stagnated.
@ChrisMayLA6 We must keep in mind that, as an organization grows, the more political it becomes, and the more you can compare a manager with a politician.
That means, when you look at the industry giants, that you'll find plenty of inefficiency and things you thought only politicians would do.
@ChrisMayLA6 This is the truth! The only anti-dote I have ever discovered, is confederations of smaller companies, and within companies, heavy decentralization, where the decision power is moved as close to the worker as possible.
That is how I run my own company, and it is an incredibly flexible and cost effective way to run a company.
I am surprised that not more companies choose this organizational model.
I call it the peer2peer organizational model.
Indeed, but not everybody has the appetite for that sort of 'freedom'....
@ChrisMayLA6 True. But then they aren't "true" capitalists, since they choose a less efficient form of organization for acting on the market. ;)
@h4890
yes, that's a fair observation both in theory & in my own experience....