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July 11, 2007

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Matt Munro

Groupthink or brainstorming has been long established as a waste of time. Meetings are only effective where there is a clearly defined decision to be made from a small range of alternatives (e.g should we paint the product red, green or blue) for anything else individuals working in isolation are far more effective, as it is too early in the process to groupthink.
McKinsey are the spawn of hell BTW, my organisation spent 5 painfull years trying to make their "advice" work and another 5 getting back to where we were before they got their snout in the trough. If we were a private company it would have put us under.
I wouldn't consult them on when to take a dump. Laughable.

dearieme

"It's better to be wrong in the right company than to be right on your own", said someone or other who didn't get promoted to the board.

dreamingspire

"An executive who thought his colleagues were all ignorant toadies who wasted millions of pounds on crack-brained investments would probably not stay with his firm for long."

Heard this morning that the English public sector is having trouble recruiting and retaining skilled staff... Indeed early this week I read the same in a departmental Capability Review.

Steve

But it doesn't matter, does it?

Won't the invisible God of the free-market make all the companies that make these silly decisions go out of business and replace them with efficient organisations run on an econonically rational basis?

Kevin Carson

Steve,

That should be "wouldn't," not "won't." The dominant firms are far, far larger than would prevail in a free market. The state cartelizes industry through regulations designed to protect big business from free market competition, and it subsidizes the operating costs of big business. Because each industry is dominated by a handful of oligopoly firms with the same pathological internal cultures, the competitive penalties for being a corporate version of Gosplan are minimal.

We don't have a free market. What we have is state capitalism: a system of political economy run in the interests of big business, with the help of the state.

Aiken

Greeting. I've been on a diet for two weeks and all I've lost is two weeks.
I am from Barbuda and learning to write in English, give true I wrote the following sentence: "Satellite tv, there are square sports of agreeing your free inhabitants through point position and laser-sharp cost signal; but you have to work a complex lot for these scientists."

Thank you very much :D. Aiken.

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