Small Is Beautiful: The Decline of the Business Empire

There is an obsession with growth driven by shareholder value which when you cut through the jargon actually means greed. In many ways the greed of shareholders is eclipsed by the greed of executive directors who whilst communicating publically that their concern is with growing the business, are personally more interested in growing their own wealth base. Not only that, but the old Japanese style business model which set out 1,000 year plans have been replaced with here and now planning. In the UK the Thatcher years replaced traditional five year planning cycles with twelve month planning cycles. Within ten years this became a three month planning cycle; today it is almost hourly.

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