Top-down management has become synonymous with business. A rigid, hierarchical structure used to make sense when the cost of information creation, storage, discovery, and distribution was still relatively high. Modern technology has since made vast stores of information immediately accessible and discoverable, dramatically impacting the way people carry out their work.
Quality decisions often result from having the information with which to make them. If the information is accessible, the ability to make decisions is then dispersed throughout the organization. More decision makers means faster decision making. Faster decisions means faster value creation, which ultimately boils down to increased effectiveness and a higher profit margin for the organization.
Photo by Steve Jurvetson