Bureaucracy | Glossary

Definition:

A bureaucracy is a approach of administratively organizing massive numbers of individuals who ought to work together. Organizations within the public and private sector, as well as universities and governments, rely on bureaucracies to function. The term bureaucracy literally suggests that “rule by desks or offices,” a definition that highlights the usually impersonal character of bureaucracies. even if bureaucracies sometimes seem inefficient or wasteful, setting up a bureaucracy helps ensure that thousands of individuals work together in compatible ways by defining everyone’s roles within a hierarchy.

Further Reading:

Book: Good to Great by Jim Collins.  

 

Packard’s Law | Glossary

Definition:

No company will consistently grow revenues quicker than its ability to get enough of the right people to implement that growth and still become a great company. If a company consistently grows revenue faster than its ability to get enough of the right people to implement that growth, it’ll not simply stagnate; it’ll fall.

Further Reading:

Book: Good to Great by Jim Collins.