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The counter quote is from Warren Buffet: "When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the r
by ziszis 10y ago
The counter quote is from Warren Buffet: "When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact."
Is Craig's List a highly profitable machine because they have the best culture? Is Amazon a highly profitable machine because they have the best culture?
The obvious answer is that it's a false trade-off. You need both strategy and culture and while it's a fun quote, it's also silly.
- perseusprime11 10y agoGreat Answer. I also think culture gets emphasized in a lot of companies where there is bad culture. Companies with great culture don't talk about it as much. Though Netflix changed it by creating a deck and other companies fell into that trap. Netflix deck and Netflix Glassdoor reviews don't match.
- xiaoma 10y ago> "Netflix deck and Netflix Glassdoor reviews don't match." And which of the two more closely matches the 4,536% increase in Netflix's stock price over the past 10 years?
- perseusprime11 10y agoNone. Strategy, not culture matches the 4,536% increase.
- deleted 10y ago[deleted]