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Nothing is more _inefficient_ than top-down governance from people who are so many layers removed from the folks who have built up real expertise from doing the
by malcolmgreaves 3y ago
Nothing is more _inefficient_ than top-down governance from people who are so many layers removed from the folks who have built up real expertise from doing the work that makes the company's revenue.
- JumpCrisscross 3y ago> Nothing is more _inefficient_ than top-down governance from people who are so many layers removed Correct. Those are the information-transaction costs Coase describes in his “Nobel” prize winning write-up [1]. [1] https://www.jstor.org/stable/2626876 https://www.jstor.org/stable/2626876