Abandoned Quote by John Kenneth Galbraith
“The notion of a formal structure of command must be abandoned. It is more useful to think of the mature corporation as a series of concentric circles.”
About This Quote
Source Book: The New Industrial State, John Kenneth Galbraith, 1967
Corporations function better as networks of influence rather than strict hierarchies.
In simple terms: Companies work like circles, not ladders.
Adopt collaborative structures.
Themes
Mood
Type
When to use this quote
- team projects
- corporate governance
- startup culture
Key Concepts
Questions to Reflect On
- How can circles improve decision making?
- When might hierarchy be necessary?
Rigid hierarchies can still be efficient in some contexts.