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The Impact of Managerial Capitalism on Changing Minds
The theory of managerial capitalism suggests that in large organizations, managers may not prioritize actions that are directly aligned with market forces. This can lead to a focus on stability and resistance to change, making it challenging to alter large cultures. Managers may be more concerned with maintaining their position and the company's stability rather than optimizing productivity or extracting value from employees' minds. The lack of incentive structure within these organizations can hinder efforts to introduce significant changes.