To prevent that, organisations introduce policies, processes, and review committees to keep things running smoothly.
It’s always possible to cut back bureaucracy, but it’s a constant balancing act between efficiency and security.
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.
Tech companies are not efficient. As long as they make gobs of money, they don't have to be.
Wait till you hear the supposed 'top talent' they hire doesn't perform any better than most normal people you would meet at any company.
Im guessing when you are rich, you tend to use that as a justification to do whatever you want.
Start ups succeed despite chaos, not because of chaos. Its crazy how brakes are now being confused for accelerators.
You’ll find that, if being in person corrects one grant approval /rejection mistake, the trip saves >>> 100x what it costs.
Also, typical grant processes like that involve months of prep work for each person, and they certainly made all the easy decisions before meeting in person.
So, the day or so they spent on discussions was to reconcile disagreements and misunderstandings with high monetary stakes.