Red tape

What if bureacracy is... good?

Jamie Dimon, Elon Musk and the rest of the efficiency hive are missing the power of structure and processes

Most taxpayers, according to opinion polls, share Trump’s enthusiasm about the idea of cutting the federal government spending and making it more user-friendly.
But then, most Americans also want to keep in place many of the social-economic programmes that benefit them and their families.
THINKING ALOUD

Washington’s Capitol Hill fight: Government is not the enemy

THE two billionaires, Elon Musk and Vivek Ramaswamy, were on Capitol Hill at the start of December, to discuss their newly announced advisory team that they say would cut regulations, spending and hea...

As Musk (centre) and Ramaswamy (right) wield their axes, it may be hard to tell whether they are aimed at red tape or more like DIY home renovators taking a swing at a load-bearing wall.

Why running the government like a business would be a disaster

A lot of what the government does is hard to quantify and involves complicated tasks that inevitably require bureaucratic coordination and, yes, inefficiency

The executives surveyed by the consulting firm ranked political instability, including upcoming elections, populism and polarisation as the second-biggest risk for Europe, trumped only by an increased regulatory burden.

Business leaders see political instability as a threat to Europe

EUROPE must foster greater political stability, cut red tape and reduce energy price volatility to reverse falling foreign direct investment, EY said after a survey of business leaders.

The committee will look into how to lower costs for businesses, Minister for Transport Chee Hong Tat told reporters at a media doorstop.

New inter-ministerial committee to make Singapore’s rules more business-friendly

A NEW inter-ministerial committee is looking at how to make Singapore’s business regulations more business-friendly, particularly in reducing costs for small and medium-sized enterprises (SMEs).

A worker stands beside a furnace at Technotherm Heat Treatment Group, which must meet new rules on energy requirements, in Goppingen, Baden-Wurttemberg, Germany, March 14, 2024. Companies in Germany complain that the demands of bureaucracy cost them time and money that would be better spent building their businesses.

German business is tangled in red tape

WHEN Markus Wingens created the position of “energy manager” for the metal heat-treatment company he runs in south-western Germany, his idea was to increase energy efficiency and attract customers int...

Managerial clutter degrades morale even as it wastes time. A study has found that only a third of employees were fully engaged in their work, and that 18 per cent were actively disengaged.

Every corporation needs a Marie Kondo

The antidote for bureaucratic creep? An annual spring cleaning to prune long-winded reports, time-sucking meetings, and, yes, value-destroying managers.

"For both the regulator and regulated, we need to avoid the mentality of ticking the boxes. Instead, learn to live up to the spirit of the rules, and draw a distinction between rules and principles.'

Better generally right than precisely wrong

The most important and innovative solutions to problems of humankind - like Covid-19 vaccines - emerge from the enterprise of commercial companies. A company’s interest is ultimately embedded within t...

Pricey beef lasagne, mattresses burned twice among Brexit risks

Pricey beef lasagne, mattresses burned twice among Brexit risks

[LONDON] Burning mattresses twice. Hundreds of pounds in extra costs to export a beef lasagne. Own-brand chicken curry hit by tariffs.

Nafta's red tape fight hits snag as business group sounds alarm

Nafta's red tape fight hits snag as business group sounds alarm

THE US, Canada and Mexico are at odds over a proposal to beef up Nafta's powers to cut red tape, as one major business group warns efforts to simplify regulations could end up taking a step backward.