Sublime

It traditionally assumed that firms were independent, and so changes would be independent, and so their sizes and aggregate effects would be distributed normally.

Entrepreneurs’ Organization and the Young Presidents’ Organization.

relationship of earnings and stock prices—the correlation’s very low.

Efficiency practices, with their relatively high fixed cost structure and many juniors, would need to take a more studied, planned approach to growth in order to capture the volume necessary to offset lower margins. The needs for both management and administration would increase, in order to devise optimum ways of dealing with familiar engagement

publicly visible.

Peter Drucker.