It's good to see The Economist addressing some of the fundamental flaws in how "business" is practiced today, particularly at the end of the article.
The past two decades transformed business from the valuable business-building concepts of management, distribution, and efficiency to obscure concepts like deal-making and arbitrage.
They have their place in the financial/economic systems, but they are not the foundation of business. With shows like "The Apprentice", these are the parts that are glorified, and it leaks into our business education.
Business isn't about finger-guns and handshakes. It's about creating value and then getting it to those who need it.
The past two decades transformed business from the valuable business-building concepts of management, distribution, and efficiency to obscure concepts like deal-making and arbitrage.
They have their place in the financial/economic systems, but they are not the foundation of business. With shows like "The Apprentice", these are the parts that are glorified, and it leaks into our business education.
Business isn't about finger-guns and handshakes. It's about creating value and then getting it to those who need it.