@MStevenson58 – In fact, liberal policy is aimed at reducing the effect of economic disruption. Not saying it is always successful in doing that, but it is the goal.
Corporations are no longer looking at the long term, only quarter to quarter. They will jump on an idea that will bring in a quick profit they can rub in the face of their competitors, boosting their stock for a few weeks, without even trying to determine if it can be sustained. Then those at the top take their profit and go on to the next idea. The concept of taking a loss for a quarter or two in the interest of making a greater profit over a five year period is taboo today, and idiots like Jim Cramer (BUY! BUY! BUY! SELL! SELL! SELL!) aggravate the problem. I have worked on many projects that were in the worst interest for the company, such as using cheaper, outdated technology to maintain a higher profit for a quarter that meant we would have to redo the entire system in a year at a higher cost. Corporations need to go back to long term goals, and modify only when needed, instead of digging their own graves (see Circuit City, Blockbuster, Borders, et al.).
tbemont Premium Member over 10 years ago
@MStevenson58 – In fact, liberal policy is aimed at reducing the effect of economic disruption. Not saying it is always successful in doing that, but it is the goal.
xivaro Premium Member over 10 years ago
Stay tuned for next week’s episode: “Creative Destructor”
Fourcrows over 10 years ago
Corporations are no longer looking at the long term, only quarter to quarter. They will jump on an idea that will bring in a quick profit they can rub in the face of their competitors, boosting their stock for a few weeks, without even trying to determine if it can be sustained. Then those at the top take their profit and go on to the next idea. The concept of taking a loss for a quarter or two in the interest of making a greater profit over a five year period is taboo today, and idiots like Jim Cramer (BUY! BUY! BUY! SELL! SELL! SELL!) aggravate the problem. I have worked on many projects that were in the worst interest for the company, such as using cheaper, outdated technology to maintain a higher profit for a quarter that meant we would have to redo the entire system in a year at a higher cost. Corporations need to go back to long term goals, and modify only when needed, instead of digging their own graves (see Circuit City, Blockbuster, Borders, et al.).
woodwork over 10 years ago
would it help if the gigantic bonuses were eliminated?
BRI-NO-MITE!! Premium Member over 10 years ago
“Surfdom”??
rossevrymn over 10 years ago
Lil’ rainbow Sorenson.
CorosiveFrog Premium Member over 10 years ago
Unstable times…