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Seconding this. I work as a contractor at a Fortune 100, and have been there long enough, and am now highly enough ranked, that I see most of the decision pipe
by fatbird 4y ago
Seconding this. I work as a contractor at a Fortune 100, and have been there long enough, and am now highly enough ranked, that I see most of the decision pipeline from the C suite down to the intern I'm helping. The a-rationality of it is shocking. No one two steps above me really understands what our project does or how it makes money, only how it plays into the spreadsheets; and yet decisions come down from above that layer that have blistering consequences for us, with no apparent relation to our reality, but probably make a cell on a spreadsheet green instead of red.
Arguably, that's just how well things can work at this scale. A CEO of a company that large who can see all the way down to me would be a nano-manager who should be fired. But it's still incredibly frustrating to be implementing decisions that affect me (such as a hiring or spending freeze), knowing that it was decided blindly with respect to me.
As I near retirement, I'm starting to believe that any organization run substantially by spreadsheets alone is too large, meaning that profit is wasted on organizational overhead, and investors should be dismantling such companies into smaller ones.
- LaurensBER 4y agoHaving had the same experience this is why I prefer to invest in small cap companies. The amount of overhead and waste in big companies is insane and overwhelming. One would think that there's an enormous chance for optimization at companies at this scale, especially because everyone at the bottom know what is/isn't working but for various reasons, companies are very bad at doing this.