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Counterpoint to your point on management: lots of companies have absolutely terrible management and they keep tromping on for decades. IBM and GM are notorious.
by moron4hire 3y ago
Counterpoint to your point on management: lots of companies have absolutely terrible management and they keep tromping on for decades. IBM and GM are notorious. I've heard even worse things about Raytheon and Lockheed. Deloitte was my own experience with pervasive, institutionalized managerial incompetence. These are all very large, very old companies. It doesn't seem like "good management" is noticeably different at the market scale than "bad management".
- oblio 3y agoYeah, product-market fit, first mover advantage, barriers to entry/moat and regulatory capture are much more important. Good management is probably #30 on the list, and companies with bad management (especially abusive management!) live for decades.
- Nasrudith 3y agoBig established companies flat out take a long time to die even if they are run by complete morons. It takes something truly catastrophic to die quickly like "the entire company is fraudulent and they got caught" level bad.