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> But they have an incentive to make decisions on merit otherwise they would go out of business and be out-competed. Yeah, you would think so. To some extent y
by francisofascii 5y ago
> But they have an incentive to make decisions on merit otherwise they would go out of business and be out-competed.
Yeah, you would think so. To some extent you are right. But I think corporations are still very inefficient and get away with promoting or hiring less than ideal candidates. Why do they not get out-competed? Because the competition is also flawed in similar ways.
- esyir 5y agoWell, to provide a different case, compare the situation of the US corporate space to the US government. Both are flawed efficiency wise, but boy does the one with no incentives behave as expected.