There’s an article in The New Republic which argues that the decline of American manufacturing is due in large part to the change in management—from people who were trained to build things to people who were trained to count figures.

“…the conglomerate structure forced managers to think of their firms as a collection of financial assets, where the goal was to allocate capital efficiently, rather than as makers of specific products, where the goal was to maximize quality and long-term market share.”

Date posted: December 21, 2009 | Filed under money, shortlinks | Comments Off on Upper Mismanagement

Comments are closed.