Content by Philippe Aghion
In Bad Times, Decentralized Firms Outperform Their RivalsDelegating power improves sales and productivity, boosting a firm’s chance of survival
Wed, 01/27/2021 - 12:01
Imagine a ship at sea, at risk of sinking in a tempest. Is it better to empower the crew to do whatever it takes to save the ship, or should every decision be made by the captain and top officers? Similarly, what should the optimal form of firm…