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I find it’s not that complicated, particularly if you've had exposure to these firms: 1) They exhibit an exceptionally risk-averse stance from a legal standpoi
by BoxFour 3y ago
I find it’s not that complicated, particularly if you've had exposure to these firms:
1) They exhibit an exceptionally risk-averse stance from a legal standpoint. Consequently, matters with even the slightest chance of legal repercussions (usually revolving around privacy) undergo an exhaustive examination that can take years. Often things get killed just because of the spectre of legal/privacy review.
2) Gaining unanimous agreement within the company for a particular course of action, especially necessary for projects demanding substantial resources, can truly be likened to an arduous Sisyphean endeavor.
3) Anything that doesn't immediately and unequivocally exhibit the potential to evolve into a multi-billion dollar industry is met with significant doubt.
- bradneuberg 3y agoYou’ve exactly hit the nail on the head. I’ve been in larger companies and these 3 dynamics explain well why they have trouble innovating.
- CMCDragonkai 3y agoIt's really simple. It's a big ship with a small rudder. And maybe you're the best but you're just one guy. There's hundreds of thousands of people invested in the ship, you can try to push the rudder but you're going to hit resistance no matter what.