Depends on your perspective.
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They listened to the finance department instead of the engineers
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no, it is the fault of a weak CEO that has no vision, and therefore could not evolve the company further...
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True but isn’t it another example of “creative destruction”?
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@samoBurja talks about how the loss of knowledge when a succession fails is more wasteful than the modern narrative of creative destruction suggests, and i'm being persuaded nothing replaced bell labs. - Show replies
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Approx figures 90% of family businesses fail in the 3rd generation and only 3% make it to 4th generation. Founder is of critical importance to any organisation. Seems like society has a automatic built in reset mode. But more like the founders energy and unique insight is driver.
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Competition is good. Intel and AMD have been reversing for a bit especially in the value segment for decades.
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