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I'd cite as a counterexample in recent memory Sears, GE, Boeing, and Intel. I think collectively they've destroyed close to a trillion dollars by focus on quart
by jaggederest 11mo ago
I'd cite as a counterexample in recent memory Sears, GE, Boeing, and Intel. I think collectively they've destroyed close to a trillion dollars by focus on quarterly results over long term, and they're not alone.
- scrubs 11mo agoI sometimes wonder what a Drucker or ishikawa would say of today's "vaunted American management". Speed roughly short term thinking is too strong of a force in our American thinking. Heck I've counted three recent HN posts this month pushing for speedy software development too.
- tjwebbnorfolk 11mo agoYes, and we all saw what happened. They've experienced serious financial consequences, some went out of business. This is exactly what is supposed to happen when you do dumb shortsighted things. There's also risk in investing in very long-term things that may not pan out. WAI, in other words
- deleted 11mo ago[deleted]