Incentive plans: Addictive for people and ruinous for companies
Taleb and Whitney of why incentives are just another sick game A big bank announced its annual profits—not very big this year—with a whole third of those going as bonuses for traders. Traders ususally make many jealous and some outraged. They shouldn’t. Listen to the...The Fayetteville Observer on people
Your people are your greatest asset by Sid Gautam 9 FEBRUARY 2010 During the last 20 years we have seen time and again that the bigger the corporation is, the worse it performs. One of the reasons for the inefficiency is the culture of the most unproductive...
McGregor and Whitney on “making the numbers”
The exciting game of “making the numbers.” In Freedom, Inc. we wrote: “Because you get what you measure, your measurement becomes the performance. And before long, rather than boosting your firm to ever-faster growth and ever-higher profitability, you have...
Deming on invisible costs and other figures
Running a company on visible figures alone We have written in Freedom, Inc. on the invisible costs of traditional companies and illustrated it through the costs of the workplace stress. Of course, there are others and the early exponent of those was Deming. Here is a...Follow Freedominc
