New York Times has been able to reinvent itself, not by going to new business, but realizing their primary strength is the content within the times. A companyes that throw money and say, look, i want to be in a new business doesn't seem to pay off very, very good slat. Ii think theone, the one thing i would say in common is that they are not in a hurry to kind of transform themselves.
In one of the most popular presentations from Pivot MIA, Professor Aswath Damodoran of NYU's Stern School of Business compares the life cycle of a company to the stages of life of an actual human being. It’s the structure he uses to understand why companies do what they do, and more importantly, to pinpoint “when companies do things they shouldn’t be doing.”
Learn more about your ad choices. Visit podcastchoices.com/adchoices