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Not necessarily. Companies can be rudderless and have some kind of industry capture or brand recognition and still be doing great. In other words, at one point
by davesque 3y ago
Not necessarily. Companies can be rudderless and have some kind of industry capture or brand recognition and still be doing great. In other words, at one point they had good leadership or built up during times of low regulation or economic prosperity and now are just living off those early successes. A lot of large tech companies are like this.
- smallmancontrov 3y agoYeah. The Google Graveyard really shows how far this can go. https://killedbygoogle.com https://killedbygoogle.com The punchline is that in addition to hundreds of failed hobby projects, their stock is doing great. Monopoly rents are a helluva drug.
- google234123 3y agoI never understood the complaints about this. Why shouldn’t a company try and do new things?
- thfuran 3y agoA company probably should try new things if they have enough extra money. A company definitely shouldn't develop a reputation for abandoning every new thing they try shortly after launch. Why would any company risk depending on a new Google offering for something they actually care about?
- Jensson 3y agoYeah, not sure if it would be better if Google put all those people to work on their main products like most other companies. Google maintains their ability to launch new products by those constant launches, they are like constant small exercises, sure they usually aren't new billion dollar products but at least they still know how to launch new products fast unlike many other companies.
- smallmancontrov 3y agoMonopoly rents happen at the expense of other economic participants. For every tombstone on that page, I wonder how many mom & pop diners died due to CAC math.