Corporate Stupidity

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Blind groper
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Corporate Stupidity

Post by Blind groper » Sun Apr 07, 2013 12:05 am

From my latest copy of New Scientist. 30 March page 33.

Quotes a study looking at how corporations make use of their brightest talents. Many corporations seek out highly talented people, but then immediately act to switch off the talent. They managed these brightest people in such a way as to ensure that their abilities were suppressed. This functional stupidity was a major contributor to the financial crisis. Those who had the smarts to see disaster coming were not permitted to act on that knowledge.

Sounds familiar. Corporations are just as stupid as ordinary people. It is just that their stupidity is more disastrous.
For every human action, there is a rationalisation and a reason. Only sometimes do they coincide.

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Re: Corporate Stupidity

Post by JimC » Sun Apr 07, 2013 12:18 am

I read the same article, BG. The biggest problem is corporations in the financial sector, whose stupidity and/or shenanigans can have a disastrous multiplier effect on the whole economy, as we've already seen...

But in corporations that actually produce goods, there must be some variation in how they use their talented people - it would be interesting to see if the most successful of them have people-management policies that are less stupid than average...
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Re: Corporate Stupidity

Post by Gawdzilla Sama » Sun Apr 07, 2013 12:29 am

The problem is the whole thing now revolves around the bottomline, so if they can't milk it, they fuck it.
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Re: Corporate Stupidity

Post by Blind groper » Sun Apr 07, 2013 12:44 am

JimC wrote: But in corporations that actually produce goods, there must be some variation in how they use their talented people - it would be interesting to see if the most successful of them have people-management policies that are less stupid than average...
Having worked for such a corporation, I hold no hope that they are different. The outfit I worked for would say one thing, which was smart, and then do the exact opposite - stupid - thing in practice.
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Re: Corporate Stupidity

Post by FBM » Sun Apr 07, 2013 2:08 am

Universities are no different.
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Re: Corporate Stupidity

Post by Azathoth » Sun Apr 07, 2013 2:10 am

The best and the brightest seldom make it to managerial positions. Shit floats.
Outside the ordered universe is that amorphous blight of nethermost confusion which blasphemes and bubbles at the center of all infinity—the boundless daemon sultan Azathoth, whose name no lips dare speak aloud, and who gnaws hungrily in inconceivable, unlighted chambers beyond time and space amidst the muffled, maddening beating of vile drums and the thin monotonous whine of accursed flutes.

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Re: Corporate Stupidity

Post by JimC » Sun Apr 07, 2013 2:20 am

Azathoth wrote:The best and the brightest seldom make it to managerial positions. Shit floats.
Although very dense turds sink...
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Re: Corporate Stupidity

Post by klr » Sun Apr 07, 2013 6:15 pm

Azathoth wrote:The best and the brightest seldommake it to managerial positions. Shit floats.
:fix:

From personal experience. :roll:
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Re: Corporate Stupidity

Post by MiM » Sun Apr 07, 2013 6:37 pm

"group think"? In Finnish there is a saying that spells it out very clearly "joukossa tyhmyys tiivistyy" (stupidity gets denser in a group).
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Re: Corporate Stupidity

Post by Gawdzilla Sama » Mon Apr 08, 2013 11:30 am

MiM wrote:"group think"? In Finnish there is a saying that spells it out very clearly "joukossa tyhmyys tiivistyy" (stupidity gets denser in a group).
"The IQ of a crowd is that of the lowest IQ in the crowd divided by the number of people."
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Re: Corporate Stupidity

Post by Tyrannical » Wed Apr 10, 2013 10:55 am

Blind groper wrote:From my latest copy of New Scientist. 30 March page 33.

Quotes a study looking at how corporations make use of their brightest talents. Many corporations seek out highly talented people, but then immediately act to switch off the talent. They managed these brightest people in such a way as to ensure that their abilities were suppressed. This functional stupidity was a major contributor to the financial crisis. Those who had the smarts to see disaster coming were not permitted to act on that knowledge.

Sounds familiar. Corporations are just as stupid as ordinary people. It is just that their stupidity is more disastrous.
Rape, pillage, and then get the hell out :thinks: But where is the evidence of stupidity? They didn't get stuck holding the bag :ask:
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