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Though if you don't do it, someone eventually decides to start a competing company, fix all the problems, demonstrate that they can be fixed, take all your cust
by nostrademons 10mo ago
Though if you don't do it, someone eventually decides to start a competing company, fix all the problems, demonstrate that they can be fixed, take all your customers, and put management out of a job.
- toss1 10mo agoYup, that was one of Steve Job's principles: he recognized that someone was going to do something better and take your market share — so it is best if you cannibalize your own market share before they do.
- mikepurvis 10mo agoI will never not talk about how bonkers it was that Jobs got up on that stage in 2005 and launched a complete replacement for the iPod mini, at the time the best-selling portable music player and it wasn't even close. How many other execs would have the courage to do that vs letting the current thing (microdrive player) settle and holding the new thing (flash memory player) in reserve to launch only in response to a competitor gaining traction?
- hbn 10mo agoNot if your company buys the competition out before they become a threat.
- nostrademons 10mo agoNo guarantee that they or their investors will be willing to sell to you, and in some cases it means that management in the upstart ends up taking over the acquiring company, as with the Apple->Next, Disney->Pixar, and Time Warner->AOL mergers.