The economic problem of (an organization) is rapid adaptation to changes in its particular circumstances. Then, the ultimate decisions must be left to the people who are familiar with these circumstances, who know directly of the relevant changes and of the resources available to meet them. This problem cannot be solved by first communicating all this knowledge to a central board which then issues its orders. But the “man on the spot” cannot decide solely on the basis of his limited but intimate knowledge of his immediate surroundings . There still remains the problem of communicating to him suchfurther information as he needs to fit his decisions into the whole pattern of changes of the larger ( organizational) system Friedrich Hayek, Nobel Laureate in Economics
Stop Setting Up Product Roadmaps To Fail
John Cutler
934

“rapid adaptation” and “people who are familiar with these circumstances”

problem is that the people familiar with the circumstances and the right solution are rarely consulted when decisions are made that cause “rapid adaptation.”

it’s a vicious cycle of infinite regression, where the people with the least context, continually set the forward looking vision.

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