Tag: tradeoffs

Pepino de Mar studio/Stocksy Post Post Share Annotate Conserve Print It's standard knowledge in company that larger is much better, which having the ability to scale is a necessary aspect of a business's success. There is a defect at the heart of the principle of scaling, though it can be tough to articulate. A lot of our concepts about scaling rest on fundamental financial concepts eloquently embraced by Adam Smith in The Wealth of NationsThe canonical text opens with a description of a pin factory in France to show the advantages of scaling. Taking a look...