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Businesses should try to be the best, not the biggest

joanwestenberg.medium.com

11–20 of 313 posts

Re: Businesses should try to be the best, not the biggest

#11

I'm not the biggest fan of this analogy. I find it reductionist to the point it loses it's meaning. Actually the whole human body is constantly growing, not just cancers. I'm am growing new skin cells as we speak, approximately every x3 weeks I shed old skin cells so need new ones. The problem with cancerous cells is that the body stops recycling them and so then they grow unchecked. Modern companies are more like sk…

Yes – until you bring the stock market and investors into the picture. Oftentimes, companies will have a legal obligation to their stockholders to (attempt to) maximise profit…

Re: Businesses should try to be the best, not the biggest

#12

I'm not the biggest fan of this analogy. I find it reductionist to the point it loses it's meaning. Actually the whole human body is constantly growing, not just cancers. I'm am growing new skin cells as we speak, approximately every x3 weeks I shed old skin cells so need new ones. The problem with cancerous cells is that the body stops recycling them and so then they grow unchecked. Modern companies are more like sk…

The analogy is apt.

You’re not growing, if you were your energy consumption would raise in proportion. Your adult body is in a dynamic steady state.

Re: Businesses should try to be the best, not the biggest

#15

I'm not the biggest fan of this analogy. I find it reductionist to the point it loses it's meaning. Actually the whole human body is constantly growing, not just cancers. I'm am growing new skin cells as we speak, approximately every x3 weeks I shed old skin cells so need new ones. The problem with cancerous cells is that the body stops recycling them and so then they grow unchecked. Modern companies are more like sk…

>I find it reductionist to the point it loses it's meaning. Actually the whole human body is constantly growing, not just cancers. I'm am growing new skin cells as we speak, approximately every x3 weeks I shed old skin cells so need new ones.

That objection is already covered in the very title used by HN (" If the purpose of a company is merely growth"). It's also covered extensively in the article.

And your counter-analogy is wrong anyway: the whole human body is not "constantly growing" (it does this only or mostly for its first 2 decades, about the same time we stop getting any taller).

It's constantly renewing (in your words: "I shed old skin cells so need new ones"), which is different from growing (even if we say that we have to "grow" new cells - we also have to grow new plants to keep a farm going, but that doesn't mean that the farm itself has to grow - much less to endelessly try to find new profit avenues. It's the latter sense the article uses).

>If they don't then they will die, the same way I will die if my body stops growing new cells to replace the old one.

Which is neither here nor there, since "growing new cells" to replace old ones is not the same as growth in the commonly understood sense and the one used in the article. In the "growing new sells" sense, businesses without a "growth-above-everything" mission still "grow" (renew) lots of things: their stock, ocassionally introduce new products, find new customers, and so on.

And of course the examples the author gives of companies without "growth", have survived more (e.g. the Japanese companies operating for centuries), than companies that get gigantic and whose purpose is to maximize shareholder profit...

Re: Businesses should try to be the best, not the biggest

#17

Ugh. This person is kinda suggesting that companies should have some noble higher purpose. Companies are entities for making money for investors and employees and maybe having fun doing it. The irony is this person is suggesting companies should be “changing the world” a la Silicon Valley TV show. The author probably had no idea.

> Companies are entities for making money for investors and employees and maybe having fun doing it.

Not necessarily. Companies are entities composed of people for some purpose or another. If a company is privately owned, while profit is probably in there somewhere, the actual goal is up to the owners. Maybe the owners want to make the game they always dreamed of, and prioritise that over extra profit.

Re: Businesses should try to be the best, not the biggest

#19

Ugh. This person is kinda suggesting that companies should have some noble higher purpose. Companies are entities for making money for investors and employees and maybe having fun doing it. The irony is this person is suggesting companies should be “changing the world” a la Silicon Valley TV show. The author probably had no idea.

https://en.wikipedia.org/wiki/Is%E2%80%93ought_problem

Re: Businesses should try to be the best, not the biggest

#20

Ugh. This person is kinda suggesting that companies should have some noble higher purpose. Companies are entities for making money for investors and employees and maybe having fun doing it. The irony is this person is suggesting companies should be “changing the world” a la Silicon Valley TV show. The author probably had no idea.

Shouldn't they? The world would probably be a nicer place if companies had goals other than profit. The fact that this is how companies currently operate has no bearing on how they should operate.
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