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I think that pretty much every major corporation that exists today has become complacent/negligent like this to some extent. I have a theory: As corporations
by jondubois 10y ago
I think that pretty much every major corporation that exists today has become complacent/negligent like this to some extent.
I have a theory:
As corporations become monopolies (or become part of stable oligopolies); management becomes complacent and loses its focus on raw competence; they start to promote employees based on social connections (and popularity with peers) instead of skill - So then, actually competent employees become disillusioned with management, lose faith in the system and they get lazy.
I think the workplace has become too social. Managers these days are terrible. I've worked with/for many managers as a contractor (maybe 10 in total) and out of all of them, I think there was only maybe 1 or 2 who were actually competent.
I think if companies just promoted based on age, they'd do a better job overall. It's depressing to see brilliant, experienced people in their late 30s still working as low-ranking employees (under the direction of some inexperienced 20-something).
Some big companies are indistinguishable from communism - People there are lazy because they know that good work doesn't get rewarded; it's the customers who end up paying through lost quality of goods and services.
- jstewartmobile 10y agoThat's a good theory. I have a simpler one. You could call it the McDonald's theory of reporting. If people will buy junk at a premium, C-level guys are pretty much obligated to sell junk at a premium. If consumers wanted facts instead of the rage machine, they would get facts.
- jstewartmobile 10y agoFWIW, I think the Bloomberg terminals go for $24K a year now.
- abandonliberty 10y agoCongratulations! You have re-discovered the Iron Law of Oligarchy (1911). Organizations become oligarchies. https://en.wikipedia.org/wiki/Iron_law_of_oligarchy https://en.wikipedia.org/wiki/Iron_law_of_oligarchy To kick your understanding of organizational problems up a level, I recommended watching CGP Grey's 'Rules for Rulers' https://www.youtube.com/watch?v=rStL7niR7gs https://www.youtube.com/watch?v=rStL7niR7gs