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While I understand the idea behind this article, it was hard to get beyond the initial metaphor, which I find highly misplaced. In sports, for the most part, t
by valuegram 15y ago
While I understand the idea behind this article, it was hard to get beyond the initial metaphor, which I find highly misplaced.
In sports, for the most part, the only fact that matters is a win. with the exception of rare subjective ranking systems (such as coaches polls in college football), the quality of a win doesn't matter. Of course if a coach is playing in these systems, and not doing enough to meet the expectations of the fan base, there will definitely be repercussions.
In the business world, a profit of $0.01 is very different from a profit of $1.00. Of course there are numerous valuation models, but the amount of profit/revenue/etc almost always matters, as opposed to sports which use a binary valuation system (win or loss).
I appreciate the overall message, and believe that the market is willing to embrace this sort of logic. Jeff Bezos is a great example of a leader focusing on long term performance and being rewarded for it.