3 ms·
And yet we watch organizations overlook the fullness of the problem on essentially a daily basis.
by smitty1e 2y ago
And yet we watch organizations overlook the fullness of the problem on essentially a daily basis.
- exe34 2y agomuh shareholder value
- smitty1e 2y agoSure, but that is purely tactical, getting one to the next quarterly earnings statement. The strategic question is why going long (or, a better strategic/tactical balance) seems so impossible.
- kragen 2y agoit's easy to convince yourself you're playing the long game when you're just screwing up. even in retrospect, it can be hard to tell if you were making a reasonable bet that happened not to pay off, rather than just a dumb bet—or, if you won, to what extent you were making an unreasonable bet that happened to pay off, rather than a savvy one. multiply this by the inevitable fact that, acting in a complex and unpredictable world, everyone is mostly acting out of profound ignorance finally, aside from unpredictability, rapid innovation and capital growth implies a high discount rate: any new innovation must compete with the risk-free return on capital. if we assume 5% per year, we must discount a return 20 years in the future by 64% (≈1-1/e) under these circumstances, it's sensible to focus on short-term gains with a rapid feedback loop, rather than long-term gains which might turn out to be chimerical
- bagas31 2y ago[dead]