Marx and the Corporations: Chapter 9 - The Network
Building a strong network is key to corporate success—but beware, it’s not always fair. Merit and connections clash in the global corporate game.
Building a strong network is key to corporate success—but beware, it’s not always fair. Merit and connections clash in the global corporate game.
KPIs plague corporate managers. Conflicting priorities, profitability pressures, and balancing competing demands like education vs. billable hours create constant headaches. Pandemic-era work arrangements add new challenges. Why aren't top performers rewarded and underperformers held accountable?
CxOs often tout their achievements while overlooking past missteps. Cloud adoption failures, poor acquisition integrations, clinging to outdated products, and flawed management practices are common. Mediocre managers, some promoted through nepotism, further hinder progress. Good managers exist, but bad ones often dominate
Bureaucracy thrives in large corporations, driven by control and underperforming employees. Excessive approval layers and narrow spans of control hinder efficiency. Spreadsheet Managers and Auditors exemplify bureaucratic roles, often prioritizing data over action and operating in secrecy.
IT skills are rapidly evolving, driven by cloud, AI, and more. Companies and employees aim to stay relevant, but skill development often clashes with daily tasks. Inaccurate planning and competing corporate demands lead to wasted resources, frustrated employees, and low training ROI.
Like wine, IT staff quality varies widely. Top performers are crucial, while underperformers pose a challenge. Attrition is a key cost; managing it involves performance plans and addressing factors beyond salary, like exciting projects and good managers. Do companies really prioritize people? It depends.