This is a really interesting observation, and one I've thought about before. I've noticed that companies tend to fall into two philosophical camps, both of whi

This is a really interesting observation, and one I've thought about before. I've noticed that companies tend to fall into two philosophical camps, both of which can be successful if executed right. One camp says that you should create a great process so that you can stick anyone in it and they can be successful. Another camp says you should get great people and the process will work itself out. I'm illustrating the extremes to clarify the picture: even process-driven firms need good people, and people-driven firms need good processes. I'm not sure there's actually a "right" answer to the question, so much as you need to make sure you execute in the right way against the strategy you've chosen, although I do think that certain industries and firm sizes tend to advantage one over the other.