3 ms·
Agree that American business culture is too short-sighted. The question is size is far from decided, though. Though these Japanese firms may survive long-term,
by eldavido 11y ago
Agree that American business culture is too short-sighted.
The question is size is far from decided, though. Though these Japanese firms may survive long-term, they often aren't good stewards of shareholder capital as measured by return on equity (ROE) and other financial metrics. But it does seem that conglomerates are making a comeback, with Alphabet, Amazon, and the perennial favorite Berkshire, whose own CEO has said their size is starting to present problems. Definitely an interesting question.
- burnte 11y agoI completely agree that the Japanese might not be the best model, but as usual, I feel the truth lies in a third path. Not quarterly, not 50 years, but maybe look for a path for the company to survive the next 10-20 years, and always be willing to change. "Plans are worthless, planning is priceless."