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I blame the short-term thinking for this. Everyone wants to see constant progress, there has to be growth every quarter, otherwise the stock goes down, investor
by arnvald 4y ago
I blame the short-term thinking for this. Everyone wants to see constant progress, there has to be growth every quarter, otherwise the stock goes down, investors are unhappy, CEO has to explain himself and promise quick recovery.
It happens in sports, too - a new coach is hired, and they get kicked out after a year, because the team didn't show much progress. But often it just time to work on fundamentals, build something new under the hood, maybe introduce changes in training/org structure/hiring, and only once it's done the progress can be visible. But fans/investors/owners always want it NOW.
What are examples of large companies that said "if we want to be on top in 10 years, we have to undergo a transformation, and stop thinking of short-term gains"? Meta is the only example that comes to my mind (though I believe their strategy won't really work, so not the best example).