Wednesday, 29 September 2021 05:50

The 11 worst business ideas of the past 40 years - and how to fix them

Rate this item
(0 votes)

The business world has its fair share of bad ideas and dumb fads, but here are the 11 that I think are by far the most egregiously stupid:

1. Open Plan Office

It seemed like a win-win-win. Employees would be able to build more of a community, ideas would be communicated faster, and the offices would have a smaller and therefore cheaper footprint. In fact, it was lose-lose-lose. Employees hated the noise and distraction, communicated less (and usually through email), creating a productivity loss that far outstripped any rental cost savings.

The fix: remote work combined with private or semi-private office work areas.

2. PowerPoint (and its clones)

Presenting information in multiple formats was supposed to increase retention and spark better discussions. Presentations actually do the opposite because multiple formats confuse the brain and the slow speed of a presentation encourages nitpicking and discussions that go down ratholes.

The fix: Use a briefing document to provide a basis for full discussion.

3. Hot Desking

This is the open plan office on steroids. Rather than even having a set work area, people would just set up work wherever it seems convenient. The result was predictable to anyone who's eaten in a school cafeteria. High status individuals staked out the best spots and formed cliques that locked out employees of lower status.

The fix: assign work areas at random.

4. Diversity Training

The concept had the best intentions: make the majority of employees "woke" to their personal prejudices, and weed out the bad apples that can't change. As shown by the tiny number of fortune 500 CEOs who are female (5%) or black (.06%), and the almost total lack of progress inside companies like Google, diversity training has utterly flopped.

The fix: structural changes like blind interviewing and quotas.

5. Internet of Things

Theoretically, connecting all kinds of devices should allow them to coordinate to create a better user experience. In practice though, such connectivity fails to be affective because most of the devices are implemented by grade D programmers on top of platforms that are inherently insecure. The result is an unstable environment that's a privacy nightmare.

The fix: minimize your electronic footprint.

6. Group Writing

Whenever a room full of people attempt to craft a mission statement, a press release, or any other business document, the result is always fuzzy mush. The dynamics of the meeting turns the writing into the weird, competitive, "now it's my turn to say something" behavior that is the diametric opposite of creativity.

The fix: have a creative person do the writing and gather comments into a final document.

7. Wealth of Information

When business pundits started talking about the information economy, a lot of companies and executives thought the term meant that the more information you have the smarter you and your company are. What's happened of course is that information both corporate and public, has become polluted with irrelevancies, misinformation, and willful half truths.

The fix: train employees how to spot logical fallacies and demand fact checking.

8. Management By Tantrum

Time was when the good managers kept their cool while bad managers spluttered and spewed. Unfortunately, the bad examples of a few highly visible managers in hi Tek Dash, notably Steve Jobs Dash, popularized the idea of putting affective manager in position to rate employees in public and fire them at whim. Unfortunately, most managers and CEOs lack Jobs's brilliance, and try to compensate by being an even bigger jerk.

The fix: it's a little something called maturity.

9. Stack Ranking

The overall idea is that rather than developing people and making them better at their jobs, you should exploit them, extract everything you can from them, and then discard them like yesterday's trash. The problem with strip mining talent, however, is it eventually results in horrible press, with workers leaving for places where they'll be treated like "human beings" rather than "human resources."

The fix: train managers to develop talent rather than burn through it.

10. Re-engineering

While re-engineering was supposed to be restructuring on steroids, in practice it became a code word for massive layoffs. For decade, business pundits and investors applauded CEOs for "clearing deadwood," "cutting fat," and "ventilating the organization." However, layoffs are always the result of management error--either by hiring too many people, not training them effectively, or making huge strategic miscalls.

The fix: recognize that CEOs who do layoffs are failures and compensate them accordingly.

11. Microsoft Windows

In the 1970s, it was well understood that, for security reasons, applications should not be able to alter the operating system, and applications should not be able to alter each other. For reasons still not entirely understood, Microsoft's premier operating system allows applications to do both, thereby making every Windows PC architecturally and inherently insecure. Yes, you can patch the holes, but it's an endless game of Whack-a-Mole.

The fix: unfortunately this one requires a time machine.

 

Inc

May 13, 2025

NGX records significant growth in Q1 2025 trading activity

The Nigerian Exchange Limited (NGX) reported a remarkable 44.8% surge in equity transactions for Q1…
May 12, 2025

Northern leaders demand urgent action on insecurity, push for state police

Amid worsening insecurity across Nigeria, the 19 Northern governors and traditional rulers have called for…
May 10, 2025

The No. 1 lesson I learnt about relationship building, from a human connection specialist

Developing healthy, lifelong connections is something that Mark Groves knows all about: He equips individuals…
May 10, 2025

Town residents involutarily get high after Police burn 20 tons of confiscated cannabis

The 25,000 residents of Lice, a town in Turkey’s Diyarbakır province, involuntarily got high after…
May 13, 2025

Terrorists attack Nigerian army base in Borno, troops missing, sources say

Suspected Islamist militants attacked a Nigerian army base and captured soldiers and ammunition during a…
May 13, 2025

Here’s the latest as Israel-Hamas war enters Day 585

Freed Israeli-American hostage leaves Gaza, Israel says no ceasefire An Israeli-American hostage was released from…
May 11, 2025

African diet – plantains and cassava can be as healthy as tomatoes and olive oil,…

Plantains, cassava and fermented banana drink should be added to global healthy eating guidelines alongside…
May 13, 2025

Nigeria's Flying Eagles qualify for World Cup after dramatic win over Senegal

Nigeria's U-20 national football team, the Flying Eagles, have secured their place at the 2025…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2025 NewsScroll. All rights reserved.