“In general, success tends to breed slack. One of the main consequences of slack is a muting of problems of resource scarcity. Slack provides a source of funds for innovations that would not be approved in the case of scarcity but that have strong subgroup support.”

— Richard Cyert

Source: A behavioral theory of the firm, 1959, p. 189; cited in: Pitelis, C. "A Note on Cyert and March (1963) and Penrose (1959): A Case for Synergy," at www.jbs.cam.ac.uk, 2006.

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Richard Cyert 7

American economist 1921–1998

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“In general, success tends to breed slack. One of the main consequences of slack is a muting of problems of resource scarcity. Slack provides a source of funds for innovations that would not be approved in the case of scarcity but that have strong subgroup support.”

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