Tuesday, December 28, 2004

Accounting

The authors take a swipe at the accounting profession as follows:

"There is a profession, called accounting, that has made a business of developing and institutionalizing certain measures, even if they are the wrong ones." -- Page 159.

Wow! Finally, a book that acknowledges the harm that is done by standardized auditing practices. The design of reward structures that harm teamwork is a big problem as well.

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