“The current financial crisis calls out for new products and services as well as more, not less, information about what is safe and profitable in the future environment.” WellsEnvironmentInformationProductsSafeCrisisInvestingFinancialCurrentsProfitableFinancial CrisisNew Products Author:Jeremy Siegel
“American society has tried so hard and so ably to defend the practice and theory of production for profit and not primarily for use that now it has succeeded in making its jobs and products profitable and useless.” HardUseJobsPracticeProductsTheoryProfitProductionsUselessProfitableAmerican Society Book:Growing Up Absurd: Problems of Youth in the Organized Society Source: Growing Up Absurd: Problems of Youth in the Organized Society
“Organizations get invested into a particular product. And sometimes the best thing is to stop making that product, even though it's profitable, because it has optimized at a local peak.” SometimesLiteratureParticularProductsOrganizationLocalsBest ThingsProfitable Author:Kevin Kelly
“How could Digital's collapse be so precipitous? It's because, in many ways, financial performance data is misleading. As you move up to the top of the market, you're getting rid of the less profitable products at the low end and adding business with more attractive margins at the high end. The rate of unit volume growth might be tapering off as you pursue these smaller markets, but your margins actually look better. So Wall Street rewards your stock price until you hit the ceiling.” WayLooksEndsMightMovingGrowthStreetsProductsWallLowsPerformancesRewardsRateFinancialPursueDataAttractiveDigitalCollapseVolumeUnitsProfitableMarginsCeilingsMisleadStock PriceTapering Author:Clayton Christensen