Linked by Thom Holwerda on Wed 27th Jul 2011 22:09 UTC
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Member since:
2007-01-13
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.