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Having a manageable work-life balance is achievable if managers are able to recognize that they shouldn't push their employees too hard or else they'll end up getting burnt out. Productivity will improve with better balance.
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Successful organizations start having rigid corporate cultures, which crumble when the outside world evolves, which is always inevitable.
The rules and assumptions that companies operate on, become embedded, making the employees blinded from any potential future innovations.
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The managers are usually unable to make strong decisions and keep adding costs to failed (or about to fail) projects.