I remember this story but I can't remember the specifics and my queries to google have maximum SEO keywords. So if someone remembers and can fill in my blanks please and thank you.
There was this CEO who was brought onto a failing US retail company. His big idea to save the company was to foster internal competition. His logic was if the free market was the most efficient way to structure a society then doing that internally in a company would make it more efficient. The company cratered for entirely predictable reasons.
Who was the CEO who was the company? Am I completely making this up?
This actually happens at giant tech companies a lot lol
Like Google, Meta, Amazon scale big
But I guess they also started doing this after they already became massive. And also not the entire company and not every single product/service line
it's also not always intentional. teams end up trying to fix the same problem because no one talks to each other.
1990s/2000s Microsoft in a nutshell.