The idea that a company does best when employees are free to operate with ideas of their own, sounds good and acceptable to most employees, but is often thought up by those who have never run a real business.
Besides, this management feature depends on the nature of a business. It may sometimes be o.k. for a creative type of operation, but not the average business, where a creative mess would be unthinkable.
Employee suggestions are always useful and should be considered. But if they were bosses, employees would have been the real employer in the first place.
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