Growing size and impersonality of firms
Other Names: Overemphasis of governments on large firms
Large industry syndrome
Nature: There is increasingly a universal tendency for commercial institutions to expand, merge and aim at large size as a measure of success.
Counter Claim: In the 1990s of contracted economic growth and high unemployment, business success is being redefined as the combination of superior information, identifying opportunity with temporary packages of capital, labour and appropriate technology used to exploit the opportunity, and then dispersed. This militates against large, even moderately large, firms with stable labour forces, research and training programmes.
Problem Type: E: Emanations of other problems
Date of last update 23.02.1997 – 00:00 CET