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I'm always skeptical about this argument because it can be seen either way, if the old world companies stuck to their vision/mission they might just be disrupte
by an4rchy 9y ago
I'm always skeptical about this argument because it can be seen either way, if the old world companies stuck to their vision/mission they might just be disrupted by new/alternate business models/technology and if they try to experiment (Ex: Google) it can be seen as not having a clear vision. There are very few companies that can sustain through 50 yr cycles but even having a clear vision may not help a company succeed if someone else renders their business useless.
Mission/Vision should evolve and sometimes it might be considered luck and sometimes foresight.
Ex: Nokia: Pulp Mill -> Rubber/Tires -> Cables/Electronics -> Phones
- TylerE 9y agoSimilarly, Nintendo is almost 150 years old. They spend most of their history as manufacturer of playing cards.
- Endy 9y agoI think it would be cool if, on their 150th anniversary, they make a Mario Hanafuda deck.
- setr 9y agoI think its the case that changing goals is fine, as long as the current plan of action is clear but having many, competing, and underspecified goals, is the problem of unclear vision; You're doing a bunch of work, but its not clear where you're trying to go. Driving aimlessly, versus driving to texas and halfway through changing your mind to drive to chicago, are two very different acts.