What is sloanism?

Sloanism refers to a concept in organizational management and economics that emphasizes the importance of bureaucratic structures, efficiency, and rational decision-making within corporations. It is named after Alfred P. Sloan, who was a key figure in the development of modern corporate management practices at General Motors. Sloanism advocates for decentralized management and the use of formal processes to improve productivity and profitability. Critics argue that it can lead to rigidity and a lack of innovation within organizations.