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In general I agree that these companies retract from the forefront and maybe aren't the innovative powerhouses that they once were, however both IBM and GE do f
by BowBun 4y ago
In general I agree that these companies retract from the forefront and maybe aren't the innovative powerhouses that they once were, however both IBM and GE do fine as businesses and will probably be around for a long time. And I think it's important we have a bit of both in the world.
The new startups produce innovation and cutting-edge tech, but we need these huge monoliths for capital-intensive projects. Google has been a driving force in laying sub-sea internet cables across Africa and South America for a good chunk of time now, enabling billions of people to come online. I don't think a small company could achieve that since it costs billions of dollars to do.
- avhception 4y agoWhile I think you're right and GE is a fine example, I'm not so sure with IBM. They seem to really have lost any direction or vision of what they actually want to do.
- gotorazor 4y agoGE hasn't really been doing fine since the great Recession. The GE of the mid-2000's was a behemoth. If I have to guess and adjusted for inflation, GE hasn't been this poor since the mid-80's.