Rethinking management: Time for a business theory overhaul – Wooldridge

Rethinking management: Time for a business theory overhaul – Wooldridge

Management theory is in a dismal state.
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In a world disillusioned by failed management theories, Xavier Huillard, CEO of Vinci SA, champions a paradigm shift. He challenges top-down management, short-term thinking, and stakeholder capitalism, advocating for decentralized decision-making, employee shareholding, and long-term strategies. Huillard's philosophy provides a roadmap for a new era in business theory.

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By Adrian Wooldridge

Management theory is in a dismal state. The theory that dominated business thinking from the late 1970s onwards — call it neo-liberalism for short — lies in ruins thanks to Enron and the global financial crisis. But the theory that replaced it — stakeholder capitalism for short — is proving no better.

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