kaal:claim:3782191-037

Corporations centralize power in order to pursue a singular strategy that efficiently exploits market circumstances, but this produces instability when the market swings, because a brittle hierarchy may crash before it can reorganize to handle a new challenge.

Source quote, verbatim
Corporations tend to have centralized power, because they wish to employ a singu- lar strategy to efficiently exploit the circumstances of the market. However, this leads to instability whenever the market swings.
From

Craig Calcaterra, Wulf A. Kaal, Preface to (2021), Qualities of decentralization: stability, efficiency, versatility, p. 20
https://ssrn.com/abstract=3782191 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, Preface to (2021). SSRN: https://ssrn.com/abstract=3782191

Holds when
Classification

failuresupport: arguedfailure: brittle-corporate-hierarchyfamily: recentralization-drifteconomicsdecentralization

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