Do you know how 'The Fountainhead' and #Aynrand destroyed πŸ’£ Sears, one of the largest retailers in the #USA πŸ‡ΊπŸ‡Έ ...

In 2008, Sears CEO Eddie Lampert chose to πŸ—οΈ rebuild the organization as indicated by Ayn Rand's standards.

Lampert broke the organization into 30 individual units, each with its own πŸ‘¨β€πŸ’Ό administration and each independent of benefit and misfortune. πŸ’΅

The thought was to advance rivalryπŸ›‘οΈ among the units, which Lampert expected would prompt higher benefits.

He believed that if the leaders acted selfishly, they would boost the overall performance. πŸ₯‡


Leaders and division turned against each other. βš”οΈ

They began focusing on individual unit performance at cost of Sears as a brand. 😟

πŸ™‡β€β™‚οΈ Sears became a miserable place to work. Employees, focused solely on making money in their own unitπŸ’°, ceased to have any loyalty to the company or stake in its survival.

In the end, Sears prices fell and headed towards bankruptcy πŸ“‰

What Lampert missed is that people really have a tendency to work for the shared advantage of an organization. 🀝

They like to coordinate and team up, and they regularly work all the more gainfully when they have shared objectives. ❀️

Do you believe in Ayn Rand's philosophy of Self Interest?

#leadership #team #startup