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That's a weird bar to set. Why does productivity depend on net new products? Why can't companies with cash cows spend effort on figuring out how to grow that ca
by yibg 7y ago
That's a weird bar to set. Why does productivity depend on net new products? Why can't companies with cash cows spend effort on figuring out how to grow that cash cow and boost their revenue that way instead?
- ericmay 7y agoIs it? I can name other companies that have released successful new products. If you're just aqui-hiring or buying successful products what does that say about your internal culture? Are you super focused on only your primary product, or are the people you've hired kind of not "new product" innovative? I guess a lot of people think Google/FB == innovation, and they are without a doubt highly innovative, but when it comes to products I'm not really sure that they are. I think most of their innovation comes from improving what they currently do, not really expanding into new markets or with new products. Maybe I'm wrong? What do you think?
- yibg 7y agoWell, maybe? I guess a couple of things: 1) Innovation doesn't have to be in creating new products, and can very well be in incremental improvements to existing products. 2) "new products" also doesn't need to be externally visible. There could be lots of innovation but just for things that aren't visible to customers. Netflix hasn't come out with a new product since streaming started. But there are definitely a lot of new things that are built that are at least arguably innovative.