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I'll agree with that, but it's dysfunction both in the hiring process and also in the R&D process. It's the middle management filter in both cases. Corporate cu
by yesiamyourdad 13y ago
I'll agree with that, but it's dysfunction both in the hiring process and also in the R&D process. It's the middle management filter in both cases. Corporate culture is a big part of this. I worked for a major airline in the '90s and during that time, we had at least 5 initiatives to build online travel sites. Wasteful? Sure, but the winner of that process is a well-known travel site that's thriving today. That particular company had a highly entrepreneurial and competitive structure internally, which had definite downsides, but on the flip side, caused the company to produce some good innovations from within. I went to work for a competitor a few years later and things were completely different there and acqui-hire was the name of the game for that organization.
- michaelochurch 13y agoI'll agree with that, but it's dysfunction both in the hiring process and also in the R&D process. M&A has replaced R&D, but it's an extremely wasteful and inefficient replacement. The silly social media apps are actually pretty rare; more common are firms that look like real companies but have junk technology that starts falling apart the minute it's sold.