long-term thinking
musings on long-term thinking in a shortsighted world. we overestimate what we can do in a year, underestimate what we can do in 10 kinda thing.
Juan Orbea and
long-term thinking
There is a common issue of over-optimizing the metrics in business, which can damage the whole system.
Doing the wrong thing efficiently is actually worse than doing the right thing badly.
– Rory Sutherland
Short-term vs Long-term - The I.G.Y. Foundation
igyfoundation.org.uk
The fact is, star brands take time to grow. Take some of the small makeup companies we have acquired recently, like Bliss and Urban Decay. When we bought them, they were little start-ups run by their founders—very simple businesses, but with a lot of originality in the products. So now we know we must nurture them until they have some history. But
... See moreSuzy Wetlaufer • The Perfect Paradox of Star Brands: An Interview with Bernard Arnault of LVMH
This a very interesting read on long-lived institutions. A few facts: most of the oldest companies in the world are in Japan. 90% of the companies that are over 200 years old have 300 employees or less, they’re not mega companies
the biggest surprise is that the most enduring companies are not mega companies. most of them have under 300 employees.
