The Crisis Facing Business: Succumbing to the Madness of the Crowd | The Corner Office | BNET - C-Suite Advisors

The Crisis Facing Business: Succumbing to the Madness of the Crowd | The Corner Office | BNET

The Crisis Facing Business: Succumbing to the Madness of the Crowd | The Corner Office | BNET

This excellent article by Stanford B School Org Behavior prof, Jeffrey Pfeffer, is a breath of fresh air in an otherwise dismal and gloomy business media environment.

Pfeffer confirms what I have long believed: “the evidence on the effects of downsizing is remarkably consistent: According to peer-reviewed published studies, downsizing does not increase productivity, profits, stock price, or innovation.”

He goes on to describe what kinds of companies are not subject to the vicissitudes of market fluctuations. Does your company fit into that profile?

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