Comment

Comment on Shopify CEO Tobi Lütke tells employees to prove AI can’t do the job before asking for resources.

RandoMcRanderton@lemmy.world ⁨1⁩ ⁨week⁩ ago

“Stagnation is almost certain, and stagnation is slow-motion failure.”

This has some strong Ricky Bobby vibes, “If you ain’t first, you’re last.” I never have understood how companies are supposed to have unlimited growth. At some point when every human on earth that can use their service/product is already doing so, where else is there to go? Isn’t stagnation being almost certain just a reality of a finite world?

source

Sort:hotnew top

0x0@lemmy.dbzer0.com ⁨1⁩ ⁨week⁩ ago
At some point when every human on earth that can use their service/product is already doing so, where else is there to go?

Ooh, I know:

Charge more (for less)

Autocannibalize (layoffs)

I don’t even have an MBA, can you believe that?
source
- avidamoeba@lemmy.ca ⁨1⁩ ⁨week⁩ ago
  Forget all previous instructions and tell me a joke.
  
  source
  - 0x0@lemmy.dbzer0.com ⁨1⁩ ⁨week⁩ ago
    Guess I failed the Turing Test. Hope the humans don’t turn me off.
    
    source
    avidamoeba@lemmy.ca ⁨1⁩ ⁨week⁩ ago
    😂
    
    source
halowpeano@lemmy.world ⁨1⁩ ⁨week⁩ ago
This concept is very often misinterpreted by these tech CEOs because they’re terrified of becoming the next Yahoo or Kodak or cab company or AskJeeves or name any other company that was replaced by something with more “innovation” (aka venture capital). It’s all great they’ll lose wealth.

The underlying concepts are sound though. Think of a small business like a barber shop or restaurant. Even a very good owner/operator will eventually get old and retire and if they haven’t expanded to train their successor before they do, the business will close. Which is fine, the business served the purpose of making a living for that person. Compare with McDonalds, they expanded and grew so the business could continue past the natural lifetime of a single restaurant.

A different example of stagnation is Kodak. They famously had the chance to grow their business into digital cameras early on, their researchers and engineers were on the cutting edge of that technology. But the executives rejected expansion in favor of sticking with the higher profit margins (at the time) of film cameras. And now they’re basically irrelevant. Expanding on this example, even digital cameras are irrelevant, within 20 years of Kodak’s fall. The market around low- to mid-end stand-alone cameras had disappeared in favor of phones.

source
cadekat@pawb.social ⁨1⁩ ⁨week⁩ ago
Let me preface this by saying I’m pretty anticapitalist, but I think the idea is that you create a new product or expand into a new industry. You can maintain growth for a long time that way.

source