Daniel Markovits
Technocratic management, no matter how brilliant, cannot unwind the structural inequalities that are dismantling the American middle class. To think that it can is to be insensible of the real harms that technocratic elites, at McKinsey and other management-consulting firms, have done to America. Such obliviousness may not be malevolent; but it is clueless.
Content: Quotation | Author: Daniel Markovits | Source: The Atlantic Monthly | Subjects: Economics, Industry Specific, Management | Industry: Consulting | Company: McKinsey & Company
Daniel Markovits
Meritocrats … changed not just corporate strategies but also corporate values… Executives who rose up through these companies, on the mid-century model, were embedded in their firms and embraced these values, so that they might even have come to view profits as a salutary side effect of running their businesses well. When management consulting untethered executives from particular industries or firms and tied them instead … [ Read more ]
Content: Quotation | Author: Daniel Markovits | Source: The Atlantic Monthly | Subjects: Corporate Governance, Management
Daniel Markovits
Because complex goods and services require much planning and coordination, management (even though it is only indirectly productive) adds a great deal of value. And managers as a class capture much of this value as pay. This makes the question of who gets to be a manager extremely consequential.
Content: Quotation | Author: Daniel Markovits | Source: The Atlantic Monthly | Subjects: Corporate Governance, Management
How McKinsey Destroyed the Middle Class
Technocratic management, no matter how brilliant, cannot unwind structural inequalities.
Content: Article | Author: Daniel Markovits | Source: The Atlantic Monthly | Subject: Economics | Industry: Consulting | Company: McKinsey & Company