article thumbnail

Bureaucracy Must Die

Harvard Business Review

This is the recipe for “bureaucracy,” the 150-year old mashup of military command structures and industrial engineering that constitutes the operating system for virtually every large-scale organization on the planet. Bureaucracy is the technology of control. There’s no other way to put it: bureaucracy must die.

article thumbnail

Bureaucracy Must Die

Harvard Business Review

This is the recipe for “bureaucracy,” the 150-year old mashup of military command structures and industrial engineering that constitutes the operating system for virtually every large-scale organization on the planet. Bureaucracy is the technology of control. There’s no other way to put it: bureaucracy must die.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What an Entrepreneurial Ecosystem Actually Is

Harvard Business Review

For banks, a larger and more profitable loan portfolio may be the benefit. I taught the first masters course on technological entrepreneurship in Israel at the Technion in 1987, 15 years after Israel’s first tech IPO on NASDAQ and when the entrepreneurial revolution in Israel was well underway. That is not the business they are in.

article thumbnail

Don’t Set Process Without Input from Frontline Workers

Harvard Business Review

The technologies and trends shaping tomorrow’s businesses. Michael Power of the London School of Economics describes the resulting explosion of bureaucracy as “the risk management of everything.” A few months ago I opened a new account at a well-known UK bank at a brick-and-mortar branch. Insight Center.

article thumbnail

Can Charisma Be Taught?

Harvard Business Review

It was, in part, the rise of the technology industry that gave charm a new urgency, because tech companies needed managers on the inside who were "technical and charismatic." He slept on someone''s floor, got rejected when he tried to open a bank account, and finally landed a temporary job that requires a 43-minute commute.

article thumbnail

The Promise of a Truly Entrepreneurial Society

Harvard Business Review

Production capital took the lead over financial capital and real value over paper value, as Carlota Perez has so well demonstrated in her book Technological Revolutions and Financial Capital. Fast forward to today, and the picture is not so happy. Financial capital is in the driving seat. The entrepreneurial society.

article thumbnail

What Separates a Good Data Scientist from a Great One

Harvard Business Review

For example, I happened to chat with a summer intern (who now uses his analytical prowess as head of a media company) on his second day at an investment bank. And this was a top-tier investment bank. Dealing with a recalcitrant bureaucracy can be even more frustrating than dealing with noisy data.