sthibault bookmarked a link:
Larry Page took over as CEO of Google in April 2011 and in July 2011 Google went on to announce the impending closure of Google Labs, the company’s experimental playground used to bring new features to users. I remember thinking “is this the beginning of the end?” As it turns out, it could well bookend disruptive innovation at the company.
Here’s what Steve Jobs had to say about why great companies decline –
The company does a great job, innovates and becomes a monopoly or close to it in some field, and then the quality of the product becomes less important. The company starts valuing the great salesman, because they’re the ones who can move the needle on revenues.