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by danielmarkbruce
636 days ago
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There is a little bit of "when a measure becomes a target, it ceases to be a good measure" with respect to chasing financial performance. While you can't escape thinking about financial metrics, the goal should be something like creating great products, building a competitive barrier etc. Financials can act as a constraint rather than a goal. A concrete example is Costco. Even here, Gelsinger puts it last, which is sort of reads like a constraint. Seems fair. |
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