#ThoughtPills: management theory and its four dead ideas (The Economist)

The Economist: Management theory is becoming a compendium of dead ideas

Management theories are organised around four basic ideas, repeated ad nauseam in every business book you read or business conference you attend, that bear almost no relation to reality. The first idea is that business is more competitive than ever. […] spoiler: not so

A second, and related, dead idea is that we live in an age of entrepreneurialism. […] spoiler: not so

The theorists’ third ruling idea is that business is getting faster. […] spoiler: a touch of truth

A fourth wrong notion is that globalisation is both inevitable and irreversible—the product of technological forces that mere human decisions cannot reverse. […] spoiler: clearly not so


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