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Publicly held corporations usually side with the shareholders' wants and needs first. That's one of the reasons Apple was so remarkable. Steve Jobs realized t
by jayfuerstenberg 15y ago
Publicly held corporations usually side with the shareholders' wants and needs first. That's one of the reasons Apple was so remarkable.
Steve Jobs realized that if you give people stuff they'll love, they'll fork over their hard earned money, and that is ultimately what shareholders want so they let him do it over and over.
Have people at all levels with vision, commitment, and passion for the work they do. They must be cross-disciplined and most importantly they must understand that their actions and decisions connect directly to the success of the company as a whole.
Then you will have some of the magic of Apple.
- mwsherman 15y agoThis seems like markets 101 (and I mean that as no dis to above commenter, but as amazement that so few companies get this). Apple worked like markets are supposed to work. That Apple was exceptional means that there is still a lot of cruft to be cleared out.
- jayfuerstenberg 15y agoNo dis taken. :)
- redwood 15y agoThe key is again the temporal timeframe: shareholder value NEXT QUARTER? or shareholder value two decades from now? The American car companies, for example, always look for the former (hence pushing trucks and whatever'll sell this season through marketing expenditures rather than innovation)