> Internally, corporations function like centrally planned economies.
Well, they try to. But unlike Governments, they don't have access to Departments of economists or planners that can spend all their time looking at the data and deciding the optimal plan. The decisions corporations take is most often based on the whims of its decision makers (senior managers/HOD/VP of X) who will cherry-pick metrics that suits their perspective.
Well, they try to. But unlike Governments, they don't have access to Departments of economists or planners that can spend all their time looking at the data and deciding the optimal plan. The decisions corporations take is most often based on the whims of its decision makers (senior managers/HOD/VP of X) who will cherry-pick metrics that suits their perspective.