4 ms·
As someone who worked inside Honeywell for 10 years, I can tell you that "large organizations that operate as for-profit businesses will collapse" is absolutely
by fatbird 2y ago
As someone who worked inside Honeywell for 10 years, I can tell you that "large organizations that operate as for-profit businesses will collapse" is absolutely not a true generalization. Everything the GP said about large organizations is true, and after a decade of seeing HW as one of the worst organizations in practice, their stock price was much higher than when I joined because that's the outcome the C suite pursued.
This reliance on the profit motive to enforce a Darwinian culling of private enterprises is a spherical cow.
- titzer 2y ago> This reliance on the profit motive to enforce a Darwinian culling of private enterprises is a spherical cow. Absolutely. Large organizations tend towards self-preservative activities in the long run. One such thing is rent-seeking and regulatory capture (i.e. getting laws passed that entrench and defend your business from disruption). It also seems that a lot of forces in the economy tend to favor mergers and centralization, which protects businesses from disruption and further entrenches their positions. Eventually the profit dictates that they'll raise prices to cover their inefficiencies and it's ultimately consumers that lose, because they can't exit the system and competition is dead.