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You've just described why once prominent companies fade into shadows of their former glory (eg. Kodak, Blackberry, IBM, Oracle, Microsoft). Definitely not inevi
by JSavageOne 3y ago
You've just described why once prominent companies fade into shadows of their former glory (eg. Kodak, Blackberry, IBM, Oracle, Microsoft). Definitely not inevitable and could be avoided with better leadership.
- immibis 3y agoBut not a problem, either. Turnover is natural. Nobody but the investors care very much whether Kodak pivots to digital cameras, or whether Kodak remains the leading film camera company as the industry shrinks, and a different company makes digital cameras. In fact the latter is often better for the economy and consumers, due to the better specialization.
- JSavageOne 3y agoYes it is a problem if a company is failing not just for the investors but the workers. Nobody wants to work for a sinking ship. Can't believe this even needs to be said.
- immibis 3y agoIt doesn't have to sink. Isn't Kodak still a respected company in the niche realm of film cameras?
- donny2018 3y agoMicrosoft has managed to resurrect from the dead though. Now it feels like a “fresher” company than Google.