Venture Mode: How Businesses Can Escape the Administration Trap, with Mark Packard

The most damaging error for a business is to run in administration mode. It’s the worst way to run a business. Yet it’s given the highest accolade: the greatest credential you can get is an MBA, a master’s in business ADMINISTRATION. Administration mode is parroted in every business book, business periodical, and online business education. Administration is a trap baited with best practices, process lock-in, inflexible resource allocation, risk aversion, and impossibilities like strateg...