Accelerating the loss of institutional knowledge would be a concern for any serious company. I no longer notice that such a loss is worrying for our leadership.
That tells me that TR leadership is very short-sighted because it is not easy to regain institutional knowledge once it is lost. Does TR think they will never need the most knowledgeable people again?
When you are a strategic partner of the World Economic Forum….there will be no consequences. You just need to stay woke and the system will take care of the stakeholders.
The Great Reset is near!
But now the capital spending (whose in your wallet?) will be streamlined. The irrepressible McK-acolytes will now have the money they didn’t have before. Watch KR get ji--y with it.
Ok I’ll bite. What I have seen is the lack of strategy and vision for actual growth. Nobody in our business unit has a clear command or vision about where we should go and how we are going to get there.
Product development takes years to get something to pilot phase. It takes almost a year to even add it to order capture to even be allowed to sell it.
They heads all change in that timeframe so the vision, if there was any, is now murky at best.
We are slow and there is nobody steering the ship who knows anything or has any say.
I can think of over 20 items we could sell today and have asked for in the past that for whatever reason we don’t or won’t sell. These are the same services our competitors sell or add ons to things we do.
Those at the top are too far removed from our actual customers and their needs. But they will pay for surveys and market research which again pushes us back in time.
They are too again to take chances and make mistakes. Everything has to be done by committee it seems.
Oh and if it doesn’t have a margin of X or a potential payoff of Y millions then it’s not worth it.
Oh and don’t forget that we must raise our prices because our customers are expecting it. But we won’t raise salaries more that 2%-3% because it’s not like our employees are expecting that too.
Greedy SOBs. Time to eat the rich
The key point you raise is in your last sentence. You have to ask yourself, why, as such a loss ultimately filters down into their customer products and services. I have seen some comments here saying they think there has been a decline in some customer products. Why would you make your products worse when they are your primary revenue stream?
Even if a company is looking to sell, surely it’s in their best interest to have top notch product.