Dwayne Monroe wrote:
> The goal of all this activity, everyone's told, is to find cost
> savings in every nano-sized space so profit margins can be maintained
> or enhanced. Of course, profits can also be enhanced by developing
> new products/services and/or putting a new spin on existing ones. But
> this isn't an option for all segments of Capital.
The problem is that across the many, many management layers, upper management is now completely divorced and distanced from reality. They no longer understand the "content" of what the company does,so how can they improve or innovate? At the same time, they are convinced that the company is successful because of them. So they do only stuff they can actually understand: merge with companies run by similar idiots or save money by firing people.
Joanna