The 'Growth At All Costs' directive is hurting so, so many industries and individuals.
You have entertainment companies bricking creative work because it creates a tax break that aligns with the business unit's expected rate of return.
You have journalism entities being hacked to bits in order to cut labor costs to show financial 'growth', despite inexplicably not understanding that the product being made is what created and preserves the brand value in the first place.
You have Boeing happily steeped in a morass of failure, because cutting costs around safety and maintenance is worth more than a few wrongful death lawsuits (and which lawsuits don't affect the stock price).
You have video game companies laying off gigantic swaths of staff after very successful launches because hey, the product released, your development work isn't needed anymore and maintenance work is boring and expensive and hurts our investors.
And more to your point, I'm absolutely seeing timelines for big projects inexplicably ramped up to lightning speed that can't be followed. Products and features are being released totally broken right out of the gate, because it's more important for the stock price to go brrrr which is spurred on by constant releases, rather than quality and reliability.
The very simple business ethos of 'make a quality product and sell it at a fair price' has completely evaporated at the top of the market. I think that'll change before we retire at 87 years old. .
The 'Growth At All Costs' directive is hurting so, so many industries and individuals.
You have entertainment companies bricking creative work because it creates a tax break that aligns with the business unit's expected rate of return.
You have journalism entities being hacked to bits in order to cut labor costs to show financial 'growth', despite inexplicably not understanding that the product being made is what created and preserves the brand value in the first place.
You have Boeing happily steeped in a morass of failure, because cutting costs around safety and maintenance is worth more than a few wrongful death lawsuits (and which lawsuits don't affect the stock price).
You have video game companies laying off gigantic swaths of staff after very successful launches because hey, the product released, your development work isn't needed anymore and maintenance work is boring and expensive and hurts our investors.
And more to your point, I'm absolutely seeing timelines for big projects inexplicably ramped up to lightning speed that can't be followed. Products and features are being released totally broken right out of the gate, because it's more important for the stock price to go brrrr which is spurred on by constant releases, rather than quality and reliability.
The very simple business ethos of 'make a quality product and sell it at a fair price' has completely evaporated at the top of the market. I think that'll change before we retire at 87 years old. .