The Final Model: Why Systems Work—and Why They Fail
A synthesis of cash flow, incentives, structure, and fragility—and the conditions that determine whether any system produces value or consumes it. Every system produces an outcome. Companies generate profits or losses. Industries expand or collapse. Government enterprises deliver services or absorb capital. These outcomes are often explained in terms of events—management decisions, policy changes, market […]
The Final Model: Why Systems Work—and Why They Fail Read More »