> Intel has about...10x the number of employees. In all seriousness, it is a miracle Intel is able to compete at all. Pros of higher headcount: theoretically

> Intel has about...10x the number of employees. In all seriousness, it is a miracle Intel is able to compete at all. Pros of higher headcount: theoretically lower transaction costs for highly specialized people to work together. Cons of higher headcount: more command and control; fewer competing ideas; no market mechanism to evaluate the beat ideas; massively increased politics and executive jockeying; way more middle managers and fewer entrepreneurs; and continuing to invest in failed ventures. I’m sure there are many more cons.