Quote:
Originally Posted by Kali Yuga
It's much easier for Amazon, which has a diverse business and is a single entity. Even then it's not easy, and they're mostly able to do so because management pushes very hard to innovate, and isn't afraid to take some losses to achieve a long-term goal -- something that few people, let alone CEO's, are willing to do.
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Actually, there's hundreds if not thousands of businesses built around that exact model right now. Most are small, privately-owned, and supported by venture capital. That is the *baseline* operational model in the tech industries. In Silicon valley, in Seattle, and elsewhere.
It's how Google works and it's how Tesla works.
It's how all thriving companies work; you nurture today's cash cow and invest in tomorrow's.
It's how big companies nurture new lines of business; how Microsoft built XBOX, Apple the iOS boxes, McDonalds their coffee business. You see it in the restaurant business, candy business, clothing business and even frozen foods.
The only companies that don't do that these days are the old, fading ones.
'Cause that is how they get to be old fading and companies: by doing what they always did, by focusing on the past instead of the future.