Comment Re:Is that because of the monopoly? (Score 5, Interesting) 36
I worked for a company that found its roots in the original RCA labs. The boss was a stubborn guy that navigated his own course. A lot of executives came to lecture him. He relied heavily on IP and royalties which turned down a lot of customers. Evil, according to his superiors.
He made it work. 2008 economic crisis hit. Contracts halved. We ran mostly on royalties for that year. Little to do, so he encouraged us to do research. Anything. A lot of BS came out of it, but also a small gem here and there that would later be useful and one thing became a product.
Moved to a company that did not have royalty income. Most projects were fixed cost, meaning sales people had to hunt for contracts to keep the pipeline filled. Once heard the boss say: "We never have exactly the right amount of projects. I prefer too much projects instead of one too few." My god, what did they drag in when things went slow. Overpromissing our capabilities, impossible projects, unrealistic deadlines, ... The worst part? They were actually the nice guys. Other companies did far worse. It was an eye opener. Lot of crap companies out there hunting for money, predator style, little care for the product.
Anyway, no time to optimize work flows, no time to research and criticize obviously flawed procedures, just get the job done in the specified amount of days or else... The fun part? We were pretty good compared to our competitors. Only mediocre compared to the best though.
The bad part? I noticed that companies that did their due diligence, usually were unable to finish or sell their product. It usually got cancelled. The sloppy ones? They sold their junk successfully. I observed too few projects to make it significant, but the pattern was there.
Successful business? It is not a straight line, I can tell you that.
He made it work. 2008 economic crisis hit. Contracts halved. We ran mostly on royalties for that year. Little to do, so he encouraged us to do research. Anything. A lot of BS came out of it, but also a small gem here and there that would later be useful and one thing became a product.
Moved to a company that did not have royalty income. Most projects were fixed cost, meaning sales people had to hunt for contracts to keep the pipeline filled. Once heard the boss say: "We never have exactly the right amount of projects. I prefer too much projects instead of one too few." My god, what did they drag in when things went slow. Overpromissing our capabilities, impossible projects, unrealistic deadlines,
Anyway, no time to optimize work flows, no time to research and criticize obviously flawed procedures, just get the job done in the specified amount of days or else... The fun part? We were pretty good compared to our competitors. Only mediocre compared to the best though.
The bad part? I noticed that companies that did their due diligence, usually were unable to finish or sell their product. It usually got cancelled. The sloppy ones? They sold their junk successfully. I observed too few projects to make it significant, but the pattern was there.
Successful business? It is not a straight line, I can tell you that.