Linked by Thom Holwerda on Wed 27th Jul 2011 22:09 UTC
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RE: Autocratic companies usually fail
by unclefester on Fri 29th Jul 2011 10:08
in reply to "Autocratic companies usually fail"
Edit:
Autocratic companies such as Ford, IBM, Commodore, MS, Sun, Dell etc are often extraordinarily successful for decades. However the founder (or his successors) almost invariably makes a massive error of judgement by failing to adapt or betting most of the companies resources on a product that fails spectacularly. Then it is a desperate scramble to avoid bankruptcy.




Member since:
2007-01-13
Autocratic companies such as Ford, IBM, Commodore, MS, Sun, Dell etc are often extraordinarily successful for decades. However the CEO (or his successor) almost invariably makes a massive error of judgement by failing to adapt or betting most of the companies resources on a product that fails spectacularly. Then it is a desperate scramble to avoid bankruptcy.
IMHO anyone who buys Apple stock now should be certified as legally insane. The only possible direction in the long term (5-10 years) is downwards. In the most extreme case Apple may not even exist in a decade.