Simon Caulkin: Inside every chief exec, there’s a Soviet planner
“Managers miscalculated risk, misallocated resources & created incentives of such outstanding perversity that they brought the entire global financial system crashing down around them.
How could this happen?
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The truth is that much conventional management is central planning in western disguise. This is why most companies are zombie-like in their structural and strategic similarity. This is why, too, they are unable to learn.With their faces toward the CEO and their arses towards the customer… the Zimbabwe school of change management – altering course only after ruin, by coup d’état.