An us-versus-them framing of AI development mobilizes government support, but also incentivizes China to join a risky arms race. A more balanced approach is needed. Read the new article by Grace Werner Grace here: palladiummag.com/2024/08/23/the…

Giants of the global economy like Intel, Boeing, and Sony have been aggressively mismanaged into irrelevance by executives operating on the wrong theories of the firm. Great companies have missions, not metrics. Read the new article by Marko Jukic here: palladiummag.com/2024/08/30/whe…

A great piece in Palladium. A thought that occurs to me: should any MBA degree be granted without the recipient showing they successfully started and grew or ran an existing business well? Engineering degree recipients have to build things that literally hold up. Why not MBAs?

Great companies have missions, not metrics. Great companies have missions, not metrics. Great companies have missions, not metrics. Great companies have missions, not metrics. Great companies have missions, not metrics.

My latest article on how MBAs, financiers, managers, and accountants can inadvertently destroy great companies like Intel and Boeing through well-meaning focus on profits or social goals, in Palladium Magazine! Some additional points that didn't make it into the final piece: 🧵

Creating value is not the same thing as generating profit. Great companies, like all great organizations, seek to generate value above all else. This means that profits will sometimes be sacrificed, especially in the near term. In the long term, however, these are the

The great Mystery of Capitalism is that when companies compete, the company that optimizes itself entirely to maximize profit doesn't just build less industry than the guys who organize around an industrial vision, they wind up less *profitable* too.

Great article by Marko Jukic Thorstein Veblen recognized the clashing motivations of business (profit) and industry (innovation, production) back in 1904. While profit-seeking does often incentivize production, overemphasizing it can also undermine long-term growth