Short-Term TSLA Price Movements - 2016
Without your deep learning from the investment community, complimentary arguments can be made about U.S. business leaders compared to some of their peers internationally. To illustrate from solid business sources, in 1980 there was an influential Harvard Business School study called “Managing Our Way to Decline,” which I couldn’t access directly but there is an update to it in 2007.
Managing Our Way to Economic Decline
If I remember the original correctly business leaders here, contrasted to their engineering and hands-on production experience of their global peers, notably Germany and Japan, had background in education and experience in finance, legal, and marketing. The original article specified accounting as strong favorites and the ability to lobby Congress for favorable conditions, including but not limited to tax preferences and accounting rules themselves.
Somewhere in
Death of a Salesman Willy Lohman is made to say, “it’s not important what you say, it’s how you say it.” That attitude led to his eventual suicide, just as dealing only with the money economy by the previous administration had to bailed out by the Fed and the all-too weak efforts of the first Obama Administration when they had a chance with a Democratic Congress.
Though I have problems with Charlie Rose who often interrupts perfectly enjoyable guests, this time he confined himself to prompting Jeff Bezos in an interview yesterday. Since it’s the weekend members might want to take a look.
Jeff Bezos - Charlie Rose
I have problems with Bezos based on my knee-jerk reactions from reports about Amazon’s treatment of workers at fulfillment centers, even Walmart is finding happy workers mean effective employees, but Bezos clearly has his head on about more modern business methods than the aforementioned analysts can consider. He reminds me of Musk. Customers first, I think Bezos said, find out what is your customer’s obsession. Great product is a good start, etc. He discusses his businesses in almost the same way as Abernathy and Hayes recommend to increase worker productivity, etc.
Also, when asked about web services and innovation in general, Bezos talks about runway of an innovative or disruptive idea. If you’re lucky you have two years before competitors can catch up to the idea, with web services “we’ve had seven years without real competition.” For those above who were annoyed by Musk not filling in details at once, perhaps he has a passion for some secrecy (as does Bezos) to keep control of something for a time out of the hands of competitors.
Musk and Bezos have solid technical backgrounds like the compared global competitors in “Managing Our Way to Decline.”
Sorry for the political shot. Our political leaders generally have legal backgrounds too, in contrast to the Chinese who generally have engineering degrees. Angela Merkel has a Ph.D. in physics, one of Musk’s undergraduate majors.
Mind you I have no problem with lawyers as government degrees are often the way for most of my better students, including one who is the richest man I know and a wonderful advocate for health and machinery safety, plus direct subsidy to a very well known shelter for women. Three others have become superior court judges and the county courthouse is named for one of them who died tragically at mid-career. And esk8mw is one of our most useful in-house corporate attorneys.
Lawyers are some of my best friends.
