3 ms·

I think this is down to the time horizons each kind of company optimizes for. Mittelstands are usually owned by families and they basically try to build a busin

I think this is down to the time horizons each kind of company optimizes for. Mittelstands are usually owned by families and they basically try to build a business that will feed the parents as well as kids when they come of age. Publicly listed companies usually optimize for this quarter. So even if you are looking at the same KPIs, you could get different outcomes just due to the utility functions being different.

kortilla 4y ago
> Publicly listed companies usually optimize for this quarter. No they don’t. The sales org might but when I was at GOOG the quarterly deadlines had zero influence on launch dates, engineering decisions, etc. Public companies frequently get punished severely in the market when they have a great quarter but advise a negative outlook for the year.