Peter Strong’s article on why Big Business is bad for business was published today by Smart Company:
The biggest companies in Australia have gotten too big – and the nation’s productivity is suffering.
These companies have destroyed other businesses; they have made many good well-managed businesses less profitable; they have stopped other businesses from innovating and growing; they have placed unfair and unearned stress on honest hard working individuals; they have created mental health problems where there shouldn’t be any; they have placed themselves above the law.
But now with a strong leader, the Australian Competition and Consumer Commission is dragging these companies back to face the music.
How did this happen? How have our biggest employers been allowed to grow so large that they are unable to control what is happening down at the grass roots of their business activity?