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> A key difference in this bureaucracy is their speed of change. Companies can react rapidly to new technology, new scenarios, and they do so on an economic mod
by TeaDrunk 6y ago
> A key difference in this bureaucracy is their speed of change. Companies can react rapidly to new technology, new scenarios, and they do so on an economic model.
Additionally- companies can react intentionally slowly to squander and choke new technologies and scenarios, also doing so on an economic model.
- AnthonyMouse 6y agoBut companies have competitors. If one insurance company requires an unnecessarily burdensome design (or charges unreasonable premiums without it) while another allows a more efficient design which is equally safe, customers will prefer the latter and the former will adapt or lose business. If the government requires an unnecessarily burdensome design, you're screwed.
- maerF0x0 6y ago> squander and choke new technologies and scenarios, also doing so on an economic model. If they do so then said technologies were not real opportunities. If they're opportunities then competitors will generate more value and/or less cost.