12-24-2020

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The Peter Principle: When Managers Do Terrible Things

The Peter Principle argues that people who have success in big hierarchical organizations are promoted until they reach their own "level of incompetence”. Here they are often stuck for life.

Let´s look at the story about David and Diana, two graduates, who first met at a sales training. They were so proud to have gotten a job in which they could actually help people. Little did they know, that they had joined one of the most dangerous organizations in modern America.

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Read the entire script here.

Sources:

https://en.wikipedia.org/wiki/Peter_p...
https://www.nber.org/papers/w24343
http://www-siepr.stanford.edu/Papers/...

https://igormroz.com/documents/netfli...

https://en.wikipedia.org/wiki/Richard...
https://drugabuse.com/oxycodone/histo...
https://www.ncbi.nlm.nih.gov/pmc/arti...
http://documents.latimes.com/oxyconti...