Money changing hands between suitable people who pop up together at the right social occasions is the priority.
Money changing hands between suitable people who pop up together at the right social occasions is the priority.
Not in my experience. Connections are most important than competence in big corporations. The bigger the company the most is works like the old Soviet Union.
In my experience you only really get fired when the command from top comes to cut X% of the workforce (sometimes this is yearly due to stack ranking systems) but even then the best way to keep your job is not doing a good job. In actuality it is connections (being good friends with your boss)
The country can't go bankrupt and you just found another one.
Yes, when a country messes up they have to actually fix things, there is no way around it. Except getting merged into another country - like my birth country, the GDR, ended up as West Germany's problem (but its people still had to do the work).
Also, if big enough companies (and banks) fail, it is the same. Not having a string government would not help either, in such cases the companies would be the government, as we saw in even wilder times of huge companies and much less state in the US some century or two ago.
At some point in the hierarchy you have to live with not having omniscience and accept that sometimes things don't work out, and that you can't just walk away from the consequences of those failures.
For small companies, they just look at the "winner"'s operation, not including the "waste" of the other 39 "losers" that failed.