Monday, January 2, 2012

Free-market capitalism is at risk

In a Forbes article titled "The Dumbest Idea In The World: Maximizing Shareholder Value", Steve Denning argues that when the management of a company stops caring about its customers and its employees in order to please investors at any cost (what I call corporate whoring), the long-term sustainability of the company is at risk.

If you work in the corporate world and are baffled by dumb decisions by accountants who understand nothing about your work and treat you like a disposable diaper, this article is for you. Actually, I would argue it's not for you. It's for your manager. It's for your regional director. It's for your CEO. Forward this to them.

3 comments:

  1. But but but... this is free-market capitalism. It happens because people are free to do as they wish... what we need is less free-market capitalism and more real-market capitalism.

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  2. Nice article about free market capitalism. Thank you for sharing with us.

    ReplyDelete