I agree.
After observing a few generations of these businesses you realize that their shareholders prioritize large, gradually declining revenue streams over new opportunities.
That's totally fine and that's why the system needs to be very friendly to new business creation. We don't need Sears to innovate at a time when its shareholders want to retire. We need to give new innovators the space to do their thing.
Wow! Didn't know that was something you could order off a place like Alibaba! Side note, but does anyone have experience of using a kit house like this? Anywhere I could go to find further discussion on these?
Very good read! I often get amazed when CEOs shutdown products left and right to "improve the focus". This was in fact classic Jobs advice all the time that has gone bad in many instances. It's even more mind boggling when CEOs decide to sell their businesses. IBM selling entire PC lineup to Lenovo is classic example.
I mean the people paying for CEOs, whoever they are, are the ones with a willingness to pay some amount, and that amount is the upper limit for CEO payment.
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