Companies must produce enough societal surplus for society to view them as worthy of existence, even large organizations supported by the government. Relying on government backing without generating sufficient surplus is strategically precarious. Companies that endure for centuries possess key characteristics that enable their longevity, such as creating substantial societal value, financial stability, and resilience to economic challenges.
Executives like to talk about innovation, but how do you spot the difference between world changing stuff and corporate theater?
Elliott Parker is the CEO of High Alpha Innovation and author of, “The Illusion of Innovation.” Parker joins Ricky Mulvey for a conversation about:
- The power in being contrarian
- One mega cap that knows how to innovate
- Why ROIC is not a foolproof metric for investors.
Companies discussed: MSFT, IBM, AMZN, NFLX, BRK
Host: Ricky Mulvey
Guest: Elliott Parker
Producers: Mary Long
Engineers: Rick Engdahl
Learn more about your ad choices. Visit megaphone.fm/adchoices