Government imposed regulations limit innovation and protect big corporations from more agile and customer-responsive smaller businesses. Large corporations, with layers and layers of bureaucracy, simply cannot respond to market forces nearly as well as their smaller competitors. Flatter organizations with fewer layers of bureaucracy, on the other hand, can, and most often will, make common sense decisions quicker and more efficiently, endearing them to their customers. This is a much greater challenge to larger businesses that must seek consensus among many leaders before they can react to the needs of their customers.
How regulations favor big-business: Read more
