3 ms·
problem with the industry is short term vision. today even the CEO will make lots of money if they drag the company in the mud for short term perceived profit (
by gcb0 8y ago
problem with the industry is short term vision. today even the CEO will make lots of money if they drag the company in the mud for short term perceived profit (doesn't even have to be actual profit).
splitting cost centers and being the manager of the one that gets more income than outcome associated in some spreadsheet makes zero more money but pays lots of bonus and promotions. same for launching tons of features aligned with some strategic goal, even if it completely destroy obvieties like market reputation (eg YouTube kids) or is ridden with bugs that you discounted as "will implement on phase 2. because agile" (don't even get me started on documentation and maintenance runbooks, your waterfall dinosaur!)
now get off my lawn!
- SketchySeaBeast 8y agoIsn't that what publicly traded industry is supposed to do? Maximize the returns for the shareholder each quarter?
- cat199 8y agoindustry perhaps (though this is debatable); industry is not society however. confusing the two can be problematic.
- dwaltrip 8y agoA company is supposed to maximize returns over its lifespan, while also upholding an ethical standard and a set of values.
- lostmsu 8y agoIts an interesting problem, because that's generally not the goal of individual workers, including those in management roles. Their goal is usually on a much shorter term - get promoted quickly.