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Facebook is likely to reach 500 in April 2012, he writes, and most companies conclude that "if they are going to be subject to much of the regulation that comes with being public, they might as well just go ahead with an I.P.O. and get the full benefits of being public".
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Most companies resolve this conflict by compromise.
What did the insurance company conclude?
He concludes that most companies are using the same, competency-based messages - which may have worked in the past but don't work now.
An authoritative 2007 study by McKinsey & Company concluded that most reform efforts, including restructuring and charter schools, have little or no systemic impact: "The quality of a school system rests on the quality of its teachers".
"Management has not met its primary objective, which is to increase shareholder value," the company concluded glumly in its most recent 10-K report.
American Ballet Theatre and most Russian companies usually conclude with a partnering pose that is actually the diametrical opposite of the 1895 one: Odile and Siegfried are both upright, both facing the same way, she with one raised leg possessively angled around his body.
It concluded that markets had become "smarter and faster than most companies," because stakeholders were getting information from each other.
Instead, most companies reserve a room somewhere, often a long distance from their headquarters, and try to conclude matters as quickly and quietly as possible.
Most companies fail.
But most companies are like Friendly's.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com