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Definition of 'Bureaucracy'
An administrative or social system that relies on a set of rules and procedures, separation of functions and a hierarchical structure in implementing controls over an organization, government or social system. Large administrative staffs are most common in large organizations that need standardized rules and procedures or consistency across a wide range of business activities.
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Investopedia explains 'Bureaucracy'
Although some form of bureaucracy is necessary for large, efficiently run organizations, there is much debate over whether the theory is ever manifested in practice. The term is often used in a pejorative way, since many bureaucracies become too large to be efficient, and become dysfunctional as a result. Some form of bureaucracy is necessary, however, in firms that are subject to heavy regulatory scrutiny, since a loss of policy or oversight control could have dire consequences.
It is a widely held belief that small companies can be more efficient because they do not need large bureaucracies and therefore can adapt and innovate very quickly. Large bureaucracies are also associated with more mature companies in mature industries nearing the end of their life cycles.
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Search results for 'Bureaucracy'
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http://www.investopedia.com/articles/economics/09/us-government-too-big-to-fail.asp
... years old. The US boasts the world's biggest economy, which helps to fund
and support its gargantuan bureaucracy. Massive amounts ...
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http://financialedge.investopedia.com/financial-edge/0710/Water-Cooler-Finance-Goldman-Fined-Financial-Fixes-And-Apples-Apology.aspx
... If we look at history, it's been rare when more bureaucracy has not had unforeseen
consequences, but there's a first time for everything. ...
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http://financialedge.investopedia.com/financial-edge/0610/Goldman-Guilty-Of-Finance-Innocent-On-Fraud.aspx
... hope. Regulations are going to add more bureaucracy and more costs that
will be borne directly or indirectly by the taxpayer. If ...
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http://www.investopedia.com/articles/economics/08/free-market-regulation.asp
... They believe that the government is inefficient and creates nothing but a big
bureaucracy that increases the cost of doing business for everyone. ...
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http://www.investopedia.com/articles/stocks/08/small-cap.asp
... promotion. Small companies, on the other hand, have less bureaucracy and
a genuine need to push products to market just to survive. ...
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http://www.investopedia.com/articles/financialcareers/07/asset-management.asp
... clients. Because RIAs do not need a broker-dealer to sponsor them, they
can escape the bureaucracy and paperwork required by FINRA. ...
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http://financialedge.investopedia.com/financial-edge/0911/Top-Qualities-Of-An-Effective-CEO.aspx
... and efficient. Multiple layers of bureaucracy can slow things to a crawl,
demotivate employees and quash new ideas. Likewise, there ...
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http://financialedge.investopedia.com/financial-edge/0711/Potholes-In-The-Golden-BRIC-Road.aspx
... While India has a well-developed democracy, it also has a crippling bureaucracy,
byzantine rules and regulations, and a depressing level of corruption (though ...
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http://stocks.investopedia.com/stock-analysis/2009/California-Banks-Looking-Good-CYN-WABC-SIVB-CVBF-EWBC0722.aspx
... Nonetheless, there are encouraging signs citizens and businesses in California are
faring better than their elected officials and the bureaucracy they represent ...
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http://www.investopedia.com/ask/answers/09/neutron-jack-welch-ceo-general-electric-ge.asp
... Welch's housecleaning cleared away layers of bureaucracy that had built up
at the organization and made way for a quicker flow of ideas. ...
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