moneyFYI
Financial Freedom Is Merely Organized Common Sense
Tag: The Peter Principle
The Self Licking Ice Cream Cone Problem
Recall the Peter Principle – Item 2. “Whether the mission expands or contracts, bureaucratic overhead grows at a steady rate.” According to Laurence Peter, at a rate of somewhat more than 5% annually. 5% growth will double the base every 14 years. That rate… Continue Reading “The Self Licking Ice Cream Cone Problem”
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