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Eye-opening definitions for common management jargon:
Diversification: Let’s do several things that we don’t know anything about badly.
Sticking-to-the knitting or focus: Let’s get back to doing what we once did if anybody can remember what it is and how to do it.
Decentralization: Massive duplication, confusion, and creation of thousands of petty empires.
Matrix structures: Everybody reports to everybody, no one knows who they work for and there is no accountability.
Flat organizations: Managers who can’t manage now manage tens of direct reports.
Business process reorganization: A process by which you cut everything that is essential, leaving only everything that you don’t need.
Source: Satyajit Das – Traders, Guns, & Money.
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