> But management and shareholders certainly would like the business to be around for as long as possible. And for that you always need to develop and change.
I agree with everything you said except this part. Maybe I'm jaded, everything I've read and seen on the market and job shows investors/management only really care about the next quarter, maybe a year the most. Only a few companies who are capable of looking at and committing to multi-year plans.
Be careful drawing conclusions from what you read on business. There are significant selection biases about what stories you hear. Anecdotally - whenever I have read about a company I work for (F500), the outside perspective gets a lot of very basic facts wrong. Often they take small incidences and turn them into broad generalizations. Sometimes their sources have agendas. Etc.
This is one case where it's important to tag information that comes in. The spectrum extremes, IMO, range from "did I observe this fact" to "is this someone else's conclusion". The more from the latter you have, the less faith you should put in your own conclusions drawn from it.
Agree. I don't pretend to know everything that's going on within a business. However, long term strategy/direction of a company is fairly easily observable.
I agree with everything you said except this part. Maybe I'm jaded, everything I've read and seen on the market and job shows investors/management only really care about the next quarter, maybe a year the most. Only a few companies who are capable of looking at and committing to multi-year plans.