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Nobody considers long term damage, particularly in a business sense. If you look at the history of American company that have failed or are currently failing,
by const_cast 2y ago
Nobody considers long term damage, particularly in a business sense.
If you look at the history of American company that have failed or are currently failing, there is one common denominator: short-term decision making.
As soon as business have even an ounce of success, they immediately give up on and start optimizing for the now, not the tomorrow. Take a look at Tesla. They invested a lot in the early days of their company and it paid off heavily. But as soon as they saw market success, they took a page from GM. Stop innovating immediately, start cutting quality. You’re safe now, no need to be competitive. No need to think about the future, it’s secured.
But it’s not secured, and this ambivalence is their downfall. Smarter, long-term thinking business will run Tesla into the ground, as history has shown with GM.