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Smaller often better.(LETTERS TO THE EDITOR)(Letter to the editor)
The "law of diminishing returns" is a universal law that attests to the fact that in getting bigger and bigger, there is a point where businesses' profits start to diminish. This is brought about in that the bigger you are, the slower you are able to make decisions in a changing environment. There is more indecision, jealousy, infighting, cronyism, self-gratification, favoritism, etc. In a competitive environment, a smaller, specialized business can take better advantage of new technology and assess and take advantage of economic changes. Such actions by small businesses prevent the bigger businesses from raising their prices in order to overcome their inefficiencies. This is why the big businesses seek government-sanctioned preferences in taxes, regulation, handouts, and ...
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Source: HighBeam Research, Smaller often better.(LETTERS TO THE EDITOR)(Letter to the editor)