This was probably an accurate depiction of American corporate management when it was written, in the 80s. Since then, things have changed somewhat (in part by tech becoming a larger fraction of the economy, and by increasing meritocracy through increased competitiveness), but I think it’s still present in a major way.
It seems like most of these quotes are directly at odds with seeking profit (either long- or short-term), and it would be enlightening to hear why there’s not a bunch more efficient organizations taking over.
I think this is happening, but it’s slow. Koch Industries claims that a major piece of social tech they use is compensating managers based on the net present value of the thing they’re managing, rather than whether they’re hitting key targets, and they’re growing at something like 10% faster than the rest of the economy, but that still means a very long time until they’ve taken over (and the larger they get, the harder it is to maintain that relative rate).
Koch Industries claims that a major piece of social tech they use is compensating managers based on the net present value of the thing they’re managing, rather than whether they’re hitting key targets
I looked but can’t seem to find any information about this. Do you have any idea where I could explore this more?
This was probably an accurate depiction of American corporate management when it was written, in the 80s. Since then, things have changed somewhat (in part by tech becoming a larger fraction of the economy, and by increasing meritocracy through increased competitiveness), but I think it’s still present in a major way.
I think this is happening, but it’s slow. Koch Industries claims that a major piece of social tech they use is compensating managers based on the net present value of the thing they’re managing, rather than whether they’re hitting key targets, and they’re growing at something like 10% faster than the rest of the economy, but that still means a very long time until they’ve taken over (and the larger they get, the harder it is to maintain that relative rate).
I looked but can’t seem to find any information about this. Do you have any idea where I could explore this more?
They wrote a book about it, the Science of Success.