Do you think every company out there is stacked with the best and brightest? By definition, only a minority of employees can be considered that. Many companies run just fine on mediocrity, it all depends on how they intend to make money. Mediocrity can in many cases be an advantage for a company, if that allows one to set aside any shred of integrity at a shot of accomplishment and praise from executing on the many bullshit and unethical things many corproations bring in cash from.
The best and brightest in an area for the pay the companies are willing to pay is not the same as the best and brightest (you are adding a lot of constraints). A lot of times those people will be quite average (or mediocre). By definition, most people are average or close to it. If a company is not willing to pay to attract and retain the actual best and brightest (as many will not), they are left with mediocrity. The companies will often still be able to make a lot of money, because companies in general do not need the best and brightest just to avoid failure and bankruptcy.
Will once innovative companies become worse companies and provide worse services/products? Absolutely. Will they be left behind by better companies who do attract the best and brightest? Sometimes, depending on the industry and the depths of the moats they have built and the number of aligators guarding their monopolies (e.g. regulatory capture and other monopolistic behavior). Will they go bankrupt? Sometimes, but in general it takes more than to just settle into a mediocrity.
Thousands of companies are out there doing just fine. Maybe 10% if people can be the best and brightest. It’s impossible for every company to have them.
Eh… You can run a company without the best or brightest nowadays. Mediocrity gets the job done, mostly.
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Ever heard of the term “Code-Monkeys” ?
Do you think every company out there is stacked with the best and brightest? By definition, only a minority of employees can be considered that. Many companies run just fine on mediocrity, it all depends on how they intend to make money. Mediocrity can in many cases be an advantage for a company, if that allows one to set aside any shred of integrity at a shot of accomplishment and praise from executing on the many bullshit and unethical things many corproations bring in cash from.
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Every company has this you think?
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So a lot of times those C-levels will be pretty average people eh?
The best and brightest in an area for the pay the companies are willing to pay is not the same as the best and brightest (you are adding a lot of constraints). A lot of times those people will be quite average (or mediocre). By definition, most people are average or close to it. If a company is not willing to pay to attract and retain the actual best and brightest (as many will not), they are left with mediocrity. The companies will often still be able to make a lot of money, because companies in general do not need the best and brightest just to avoid failure and bankruptcy.
Will once innovative companies become worse companies and provide worse services/products? Absolutely. Will they be left behind by better companies who do attract the best and brightest? Sometimes, depending on the industry and the depths of the moats they have built and the number of aligators guarding their monopolies (e.g. regulatory capture and other monopolistic behavior). Will they go bankrupt? Sometimes, but in general it takes more than to just settle into a mediocrity.
Yeah, I’m not reading that. This isn’t worth the effort.
Have a good one!
Edit: Salty, huh.
Lmao what?
Thousands of companies are out there doing just fine. Maybe 10% if people can be the best and brightest. It’s impossible for every company to have them.
The math just doesn’t math.
Average performers are just fine.
Ah I see what you’re saying. Yes I agree, with the caveat that innovation requires the best and brightest.