@JamesMaguire, just to finish our conversation yesterday.
Year: 2021
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Maybe it’s time to re-label #FAANG into #GAMMA
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@Carnage4Life @0xF2 I’ve never been convinced about the choice of companies in this acronym. As much as I like Netflix, I think MSFT deserves to be there much more.
If so, this becomes #GAMMA.
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One of my favourite shows when I was a kid was Knight Rider.
Elon said (and showed) that Tesla effectively has one of the most advanced #AI around.
Just saying… https://t.co/fwrxQRuoIF
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@JamesMaguire One designed to cause addiction, yes.
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“Often we’re taught that quality is the result of effort. That if you simply tried harder, you’d come closer to meeting spec.
(Yet, )the people who work at a Lexus plant aren’t more tired at the end of the day than those that make the Cadillac Escalade.”
https://t.co/6NgRoO3ios
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1/ The strategies to remain competitive and/or expand that worked 10y ago are not effective anymore. Differently from then, you now have players that can *effectively* beat you on time, on skills, on salaries, on talent inspiration, on portfolio breath. All at the same time.
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3/ It’s not defensible anymore to “just” be an expanding technology company (and that includes non-tech end-user orgs that are evolving into tech orgs).
Your only sustainable defense is a *constant* investment in innovation (compared to the market, not your older self).
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2/ It’s not true anymore (in some cases) that bigger = slower and boring and bureaucratic and uninspired.
For example, the tactical differentiation of adding a product to your portfolio lasts less than it takes to retrain your sales force to sell it.
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4/ Without a systematic effort to incubate and bring to market new ideas, your failure is faster than ever.
You can’t even count on buying innovation from startups. Because, even at that, your larger competitors are faster than you.