Chasing short term profits undermines the possibility of building a brand on quality beyond the expansion and buyout phase. So many companies that were known for making quality products with quality service were bought out and run into the ground as shadows of their former selves after being bought out by investment firms that wanted the name and reputation but not the actual production and support costs that the brand was built on.
It’s parasitism - they latch onto something successful, then as you said run it into the ground, then leave it to someone else to deal with the mess. It is SO MUCH HARDER to build something as a mutualistic symbiosis, hence it’s easier if they just… don’t.:-(
Chasing short term profits undermines the possibility of building a brand on quality beyond the expansion and buyout phase. So many companies that were known for making quality products with quality service were bought out and run into the ground as shadows of their former selves after being bought out by investment firms that wanted the name and reputation but not the actual production and support costs that the brand was built on.
It’s parasitism - they latch onto something successful, then as you said run it into the ground, then leave it to someone else to deal with the mess. It is SO MUCH HARDER to build something as a mutualistic symbiosis, hence it’s easier if they just… don’t.:-(