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Isn't it much simpler. Given that Tech, compared to other industries (Mining, Energy, etc) is still in its early years - most tech companies optimize for Growt
by alberth 3y ago
Isn't it much simpler.
Given that Tech, compared to other industries (Mining, Energy, etc) is still in its early years - most tech companies optimize for Growth.
While more established industries optimize for profitability / stability.
What's happening now in Tech is that companies are beginning to graduate to these later years where they run into natural total address market plateaus where they need to shift from Growth to Profitability/Stability.
(Think Netflix).
And this transition from being a Growth company, to a matured business - is a hard transition for any company.
- zer0tonin 3y agoTech has been around for more than a century. IBM was founded in 1911.