3 ms·
Isn't it rational to hold on as hard as you can, to as much as you can, for as long as you can? The old models of commerce are so lucrative that adapting early
by lotyrin 9y ago
Isn't it rational to hold on as hard as you can, to as much as you can, for as long as you can? The old models of commerce are so lucrative that adapting early to the sustainable models comes at a serious cost.
Imagine the area under the curve, and how much money that adds up to, if we went from a market with CDs and DVDs and happy cable subscribers to Spotify and Netflix and internet-only broadband as they are today overnight instead of over the course of the years.
- IntronExon 9y agoI see your and other poster’s points. I suppose that I let morality and rationality mix in my assessment of Elsevier’s behavior, with predictably confusing results. Yes, it is rational to fight for so much money and power, even if it’s just for another quarter. The fact that I despise that behavior doesn’t change the rationale behind it. Thanks.
- the8472 9y ago> Isn't it rational to hold on as hard as you can, to as much as you can, for as long as you can? Depends on just exactly how rational you want to be. If your planning horizon is quarterly and annual numbers it makes perfect sense. If you want your company still do business in the coming decades then holding on and denying change can make you blind to the necessary adaptions.
- mr_spothawk 9y ago> your planning horizon is quarterly I think their planning horizon is Retirement