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Articles for October 2005

Short-term gain, long-term pain

Collusion between the City and top executives is killing real investment.
Bloated firms not watching their waste: Too many companies squander both time and employee goodwill

JEFF IMMELT, chief executive of GE, laments that 40 per cent of GE consists of unproductive administration and back office work. He wants to halve that in five years.
Doing the right thing - for a change

Changemakers who work from the top down are doomed to fail.
To know more is to grow more

Growth outside comes from growth inside that's why GE spends $1bn a year on training.
That's the theory, and it matters... how beliefs and ideas about business actually shape it

Who cares about management theory? Well, you'd better. Even if you've never read or even heard of transaction cost economics or agency theory, these ideas are re-engineering your world as surely as religious fundamentalism, if a lot more insidiously.