2 ms·
I see the same disease in many large organizations -- governments, corporations, NGOs. Incredible resources and time routinely wasted. Maybe the assumptions un
by panarky 10y ago
I see the same disease in many large organizations -- governments, corporations, NGOs. Incredible resources and time routinely wasted.
Maybe the assumptions underlying the Theory of the Firm [1] are changing, making internal transaction costs approach or even exceed external transaction costs.
If so, we should see large organizations disband into smaller, more efficient, more accountable components.
[1] https://en.wikipedia.org/wiki/Theory_of_the_firm https://en.wikipedia.org/wiki/Theory_of_the_firm