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FOMO is disastrous for company strategies

rubenugarte.com

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Re: FOMO is disastrous for company strategies

#81

Post by muttled »

ItsMonkk wrote: post #65
KerrAvon wrote: post #53

Earlier quoted context omitted.

The United States has a nearly infinite amount of unoccupied land. What's required is the political and social will to incentivize people to build.

And when the typical voter who owns their own home votes in their best interest, they vote NIMBY. If you incentivize scarcity, scarcity is what you will get. Change needs to come from above the system, not within.

Most home owners do not want their house to drop in value because there's more housing being built and available. I feel bad for the people who bought in at the top, but they're really pulling the ladder up behind them if their vested in their home value appreciating.

Re: FOMO is disastrous for company strategies

#82

Post by jmalicki »

to11mtm wrote: post #60
Animats wrote: post #56

Earlier quoted context omitted.

"Comparing the fourth quarter of 2021 to the same quarter in 2020, that same firm increased the price of beef so much—by more than 35%—that they made record profits while actually selling less beef than before."

This is the future we have brought :`) Data analytics and JIT often leads to an invisible cost to the lower class. I remember the days where my parents would go to the meat store and make some random thing off schedule . I remember when I was starting my career and would be able to make do with the 'use it now' discounted meats. Now, not nearly so much. The problem with these improvements is twofold: - They impact im…

Monopolistic pricing and anticompetitiveness has little to do with JIT or data analytics

Re: FOMO is disastrous for company strategies

#83

Post by HeyLaughingBoy »

dangus wrote: post #16
ziddoap wrote: post #6

Earlier quoted context omitted.

There is not much that is more annoying than an author assuming the reader knows the acronyms that they want to use. This particular case isn't as bad as others, but especially when getting into any sort of technical conversation it's wildly frustrating to see multiple acronyms used with no indication of what they stand for. Then you go to look it up and there's like 29 results that fit the acronym, half of them bein…

This isn't even a technical or business acronym, it's a common colloquial. It's used in mainstream television advertisements like the FOMOH ads by the NHL (fear of missing out on hockey). FOMO is probably as well-known as other acronyms that aren't explained every time they come up: IRS, LGBT, DMV, MLB, NYC, etc. And, really, if you don't know it, you just do this: CTRL+T define:FOMO ENTER I mean, we're already in a…

> (I'm unemployed, what's the rest of y'all's excuse?)

I'm in a meeting right now :-)

Re: FOMO is disastrous for company strategies

#85

Post by throwaway_7874 »

warpech wrote: post #9
bragr wrote: post #7

Counterpoint: FOMO is great marketing strategy for companies

Why?

Because people buy more products and make company more profit in less time.

Mostly people buy product in hopes of flipping it for some quick bucks ( some try to become long term collectors ) and mostly people do this to "stay in loop" and "not fall behind the curve".

Re: FOMO is disastrous for company strategies

#86

Post by bradknowles »

jmalicki wrote: post #82
to11mtm wrote: post #60

Earlier quoted context omitted.

This is the future we have brought :`) Data analytics and JIT often leads to an invisible cost to the lower class. I remember the days where my parents would go to the meat store and make some random thing off schedule . I remember when I was starting my career and would be able to make do with the 'use it now' discounted meats. Now, not nearly so much. The problem with these improvements is twofold: - They impact im…

Monopolistic pricing and anticompetitiveness has little to do with JIT or data analytics

I would disagree.

JIT and data analytics make it a lot easier for the maximalist market exploiting capitalists to get to the monopolistic pricing and anti competitiveness, and they can get there a lot faster.

Re: FOMO is disastrous for company strategies

#87

Post by dangus »

HeyLaughingBoy wrote: post #83
dangus wrote: post #16

Earlier quoted context omitted.

This isn't even a technical or business acronym, it's a common colloquial. It's used in mainstream television advertisements like the FOMOH ads by the NHL (fear of missing out on hockey). FOMO is probably as well-known as other acronyms that aren't explained every time they come up: IRS, LGBT, DMV, MLB, NYC, etc. And, really, if you don't know it, you just do this: CTRL+T define:FOMO ENTER I mean, we're already in a…

> (I'm unemployed, what's the rest of y'all's excuse?) I'm in a meeting right now :-)

Ah, so we share a similar level of productivity!

Re: FOMO is disastrous for company strategies

#88

Post by naavis »

munk-a wrote: post #51
naavis wrote: post #2

I assume FOMO means ”fear of missing out” in this context, but the article never actually spells it out.

Unless this is a very recent edit the second paragraph starts with: > I was surprised to hear how much FOMO (Fear of Missing Out) my friends were experiencing. I had also forgotten what FOMO stood for but thankfully the article defined it above the first page fold.

It was edited. Previously the article did not spell it out.

Re: FOMO is disastrous for company strategies

#89

Post by alttab »

3a2d29 wrote: post #70
alttab wrote: post #3

cough Meta cough

Definitely a good example, although you can extend it to so many. In the US if you say "tech" people suddenly scramble to you because everyone is afraid of betting against you and becoming blockbuster. Ex: Wework is another one. Many of the big rich real estate families in NYC all were heavily invested in it. None of them wanted to be the dinosaur left behind even with a company that was claiming to be "tech" without…

I'd argue that WeWork's strategy was a disaster itself. FOMO into disasters is one thing, FOMO - AFAIK, was not a WeWork strategy.

Re: FOMO is disastrous for company strategies

#90

Post by munk-a »

naavis wrote: post #88
munk-a wrote: post #51

Earlier quoted context omitted.

Unless this is a very recent edit the second paragraph starts with: > I was surprised to hear how much FOMO (Fear of Missing Out) my friends were experiencing. I had also forgotten what FOMO stood for but thankfully the article defined it above the first page fold.

It was edited. Previously the article did not spell it out.

Ah, that makes more sense.
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