Over the past couple of decades, some companies, like Xerox, have succeeded in transforming their core business strategy in response to radical changes in technology, while others, like Kodak, have failed. Right now, IBM is on the bubble, and it has been hiding its distress with financial engineering. In the process, it has essentially become becoming a poster child for what's wrong about the drive to maximize of short-term shareholder value. IBM has neglected to invest in operations, especially...
Over the past couple of decades, some companies, like Xerox, have succeeded in transforming their core business strategy in response to radical changes in technology, while others, like Kodak, have failed. Right now, IBM is on the bubble, and it has been hiding its distress with financial engineering. In the process, it has essentially become becoming a poster child for what's wrong about the drive to maximize of short-term shareholder value. IBM has neglected to invest in operations, especially...
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