Ignorance more frequently begets
confidence than does knowledge.
The Descent of Man (1871)
Ask most people why so many larger companies seem rife with incompetence and lassitude while smaller companies seem to remain focused and productive, and you’ll likely hear the incremental argument: more people and more process results in less efficiency. Perhaps someone will cite the Peter Principle or Dunning-Kruger. You may even hear a market-friendly variation on social Darwinism: while larger companies usually have the capital to survive their mistakes, smaller companies have little choice but to sink or swim, resulting in a marketplace that seems to be primarily populated by well-run small companies.