In practice, there are all manner of issues with that approach that complicate matters, frustrate things, and lead to ‘suboptimal’ situations that may be - or at least appear to be - irrational, inappropriate or unnecessary.
In particular, there are numerous paradoxes. For examples:
- The obvious core objective of a typical commercial company to make a substantial profit for its owners may conflict with various ethical and legal objectives to spend money on protecting and furthering the wider interests of society and individuals - including their privacy.
- There's a fine line between motivating/supporting/encouraging/directing and demotivating/micro-managing/exploiting employees.
- Efficiency in most matters comes at the cost of effectiveness, and vice versa. They say quality is free, but is that a lie?
- Locking secrets or other valuables in a vault limits their utility and hence practical value, but releasing them puts them at greater risk of theft and illegitimate exploitation.
- There is literally no end of potential investment opportunities, but finite resources to invest, plus unavoidable costs of simply being in business.
- Bonuses may be achieved selfishly in the short term by sacrificing the long game, presenting social and ethical challenges that are difficult to counter.
Faced with all that and more, it occurs to me that corporate management is a bit like pinball. Managers are:
- Identifying and hopefully hitting the targets that score points while simultaneously avoiding various static and dynamic hazards, some of which come out of left field;
- Using and refining whatever techniques and resources are available, perhaps nudging the table tentatively or finally getting the hang of that cool ball-spinning back-flip maneuver;
- Coping bravely with the challenges and setbacks, while also creating/engineering and taking advantage of opportunities that arise along the way.