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last updated 9/15/2006
Organizations as Systems
Key Systems Concepts
The Institutional Imperative – Described by Warren Buffet of Berkshire-Hathaway.
"For example: (1) As if governed by Newton's First Law of Motion, an institution will resist any change in its current direction; (2) Just as work expands to fill available time, corporate projects or acquisitions will materialize to soak up available funds; (3) Any business craving of the leader, however foolish, will be quickly supported by detailed rate-of-return and strategic studies prepared by his troops; and (4) The behavior of peer companies, whether they are expanding, acquiring, setting executive compensation or whatever, will be mindlessly imitated.
"Institutional dynamics, not venality or stupidity, set businesses on these courses, which are too often misguided."