So rather than have presidents, vice presidents and managers, all employees had an equal say in running the company. This was backed up by the fact that all employees were also co-owners, every new hire being offered a stake in the company after six months on the job. While I and my two co-founders retained a majority of the shares, this gave us no greater power in making day-to-day decisions.
Obviously this is a fairly special situation. Still I think it is a symptom of poor management practices that leave many wondering what value added “management” provides. Interesting read.
I still believe it makes sense to have a good management system and managers filling their roles but a poor management system with “managers” may not be better than no managers. Management needs to improve.