The customers were buying; they just weren’t buying our product. This was not a time to pivot.
October 2011
27 posts
Algorithms which drive high-frequency trading are being demanded by regulators are to scrutinize markets.
Jobs told biographer Walter Isaacson that other companies, buoyed by their commercial success, let their products atrophy and became driven by the sales staff.
“The company starts valuing the great salesmen because they’re the ones who can move the needle on revenues,” Jobs said, citing IBM and Microsoft as examples.
“I don’t think anything will change at Microsoft as long as Ballmer is running it.”
Jobs didn’t mince words when Page arrived at Jobs’ Palo Alto home. He told Page to build a good team of lieutenants. In his first week as Google’s CEO, Page reshuffled his management team to eliminate bureaucracy. Jobs also warned Page not to let Google get lazy or flabby.
“The main thing I stressed was to focus,” Jobs told Isaacson about his conversation with Page. “Figure out what Google wants to be when it grows up. It’s now all over the map. What are the five products you want to focus on? Get rid of the rest because they’re dragging you down. They’re turning you into Microsoft. They’re causing you to turn out adequate products that are adequate but not great.”
So what do you do about it?
- You must be the Jedi Master of your profession.
- Unless you are awesome, you will be commoditized.
- Here some things that will be less valued in the future and some things that will be more valued: