But what is the meaning of democracy in business?
Democracy in business implies that the values of the arguments are given by their foundations and not by who is posing them.
Democracy doesn’t imply following the popular saying: “Eat excrements, millions of flies cannot be wrong”.
Top managers need to be democratic in order to listen to the market while they influence it. Companies can only grow if they listen to reality and are able to adapt to it. That is the meaning of democracy in business.
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