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> MBA run companies are full of waste and inefficiency. They are, and they don't have longevity because of it. A company listed on the S&P 500 in the 1950s had
by randomdata 3y ago
> MBA run companies are full of waste and inefficiency.
They are, and they don't have longevity because of it. A company listed on the S&P 500 in the 1950s had an average lifespan of 61 years. By 2016, that had fallen to just 18 years. You can hide inefficiencies for a while, but the piper needs to be paid eventually. Productivity matters.
The companies may not literally switch to a particular mode of work, but the market will eventually cull any company that is falling behind in productivity. The net result is the same.