4 ms·
>it’s better than a slowly failing big company that can’t accept that change is necessary. Or worse, a big company that is in a growth/high profit area that ta
by Accujack 5y ago
>it’s better than a slowly failing big company that can’t accept that change is necessary.
Or worse, a big company that is in a growth/high profit area that takes in enough money to not fail despite dozens of missteps.
If you do the wrong thing long enough and don't go out of business, then the wrong thing becomes "our way".
- ido 5y agoSo are we using google as an example of what to do or what not to do?
- mantas 5y agoYes
- dpe82 5y agoAgreed. It's sometimes hard to distinguish the things Google does that contributes to its success from the things Google can get away with (waste, etc.) because of its success.
- ethbr0 5y agoIsn't that a conglomerate in a nutshell? "Our random incompetency averages with our random competency, such that we're able to avoid bankruptcy and remain a going concern longer than smaller, less diversified companies."
- rurp 5y agoOne of my big realizations as I've gotten more work experience is just how much momentum matters in business. Brand awareness along with existing customers and relationships is huge. A big established company can get away with a shocking amount of incompetence for a really long time, while a very well run startup can easily fail.
- tehjoker 5y agoScale that up and you can see the same effect with entire countries.
- dcow 5y agoScale that up and you can see the same effect with entire generations.
- barry-cotter 5y agoMostly because annexation of conquered territory is illegal. Without it at least Eastern Congo, possibly all of it, would be part of Rwanda. There are a lot of failed states in the world. They'd fail at defending themselves from a competent military too.
- ethbr0 5y ago> If you do the wrong thing long enough and don't go out of business, then the wrong thing becomes "our way". You just described most of retail banking and insurance (and I assume, utilities). It took the 2008-prompted investment-retail bank mergers and ACA admin costs caps to nudge these industries into the 21st century. The financial side of health care providers is still a nightmare (even though the actual medical side is amazing at continuous improvement).