Yesterday I read the following article
from 1993 called "Dinosaurs" which basically versed about how (and why) large companies fail
"The normal and ruinous problems of success, so it is contended, are complacency and size."
Then I remembered reading the following in an expert call from an $INTU
They basically talk about how Intuit is so good at executing and moving fast.
Of course, $INTU
is a pretty large company, so how are they able to pivot so fast?
The expert then shared that the key was in the infrastructure. $INTU
made a decision some years ago to tailor its infrastructure to an agile organization, and that's paying off now.
When looking at a large organization, flexibility and awareness of rising competition is key. Disruptors tend to move faster and can end up eroding strong moats, specially in tech.
No large company wants to be the next Sears, but many will eventually end up that way.
Btw, if you want to have access to expert calls to gain an "insider edge", AlphaSense has a two-week free trial (no CC required) where you can download as many transcripts as you want
You can access the free trial with this link