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Ironically... Shareholders. When you're on the quarter to quarter results rat-in-a-wheel cycle it's easy to forget about the future. As the product pipeline d
by chiefalchemist 2y ago
Ironically... Shareholders.
When you're on the quarter to quarter results rat-in-a-wheel cycle it's easy to forget about the future.
As the product pipeline dries up, shareholders pull back. Leadership either doubles down on the short term to win back shareholder trust (and further neglects the future) and/or leadership is limited in new directions as share prices drop.
Rinse. Repeat.
Live by the shareholder sword, die by the shareholder sword.
- zvr 2y agoRight. People do not seem to realize that the goal of any public company is not to create great products, but to make shareholders happy/rich. To the point that management can get into legal trouble if they make decisions with any other goal in mind.
- chiefalchemist 2y agoYes! This is why I myth-bust "The Innovators' Dilemma" every time I see it mentioned on social media (e.g., LinkedIn). Sure, they resisted innovation but that's a symptom. What drove them to do that was a horizon of 3 months and reporting to shareholders.