Accessibility Menu

What Does Bureaucratic Mean?

By Jeremy BowmanUpdated Dec 23, 2024 at 3:39 PM

Key Points

  • Bureaucracies are slow due to multilayer management and formal rules.
  • Such setups can prevent mistakes but also can lead to inefficiency and office politics.
  • The DMV exemplifies a bureaucracy, ensuring licensing at the cost of long waits.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.