#041 - Rory Sutherland on Perception, Innovation, Creativity, & Change
Audience of One
The Impact of Shareholder Value Movement on Business Culture
The shareholder value movement in business and obsession with financial quantification have made businesses dominated by targets and measures, similar to Soviet organizations./nThe expansion of bureaucratic administrative class in the West does not add value to the economy but rather facilitates the agglomeration of numbers for reporting upwards./nThe fundamental narrative about capitalism that it is efficient is wrong; capitalism is actually wasteful in many fields./nCapitalism's strength lies in its inventiveness and adaptability, allowing it to solve problems in multiple ways./nThe focus on efficiency has undermined the inventive nature of capitalism.
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