Stupocracy

Any business organization run exclusively by people who not only live in fear of making a meaningful decision, but seem to be favorably compensated on the basis of their unwillingness or inability to make a decision. Typically, the degree to which this situation adversely affects customers and suppliers is demonstrably linked to a complete lack of understanding of the organization's business model and/or customers.

"Not only is this product launch likely to result in a complete failure and loss of a great deal of money, but the stupocracy responsible for it will somehow spin it to make it seem like a success."