Stack of golden George Washington dollar coins,. (c) 2007 Bill Koslosky, MD (CC BY 2.5)

Why Rewarding Competitiveness Is Stupid If You Want To Make Money

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Here’s a repost from 2006 that didn’t make it over. It describes a set of studies that so disturb the basic religion of MBA that it required replication across the world to get published. With minor revisions. American business rewards competitiveness. That may seem like a know-nothing statement. Markets reward people with the best product. Most people in America believe …