Corporate planning mirrors communist-era five-year plans: often unrealistic and based on inflated figures. Like then, supply and demand mismatches lead to losses. Flexibility and entrepreneurial leadership are key, but often clash with corporate structures.
IT companies boosted profits by leveraging tax havens. Establishing regional invoicing centers in low-tax jurisdictions became standard practice. This, coupled with the 2008 financial crisis, solidified offshoring as a crucial business strategy.
The Y2K bug, dot-com bubble, and 9/11 dramatically shifted the US IT landscape. Companies reacted by offshoring, primarily to India, creating a win-win for businesses and workers. Learn how this perfect storm reshaped the industry.
After 30 years in IT, I’m sharing real corporate stories in my new blog, Marx and the Corporations.