I’m sure they tested the new recipe on a sample audience long before they put it into mass production which informed them that the recipe change would positively impact their bottom line. Big companies don’t make enormous blunders which put them out of business. The social media tech companies we all hate are still around and have billions of users after all the crap they did. Why? Because all of the negative changes they made to their platforms were first tested on a sample of users and the sample kept using it. After all of the recipe downgrades and shrinkflation, you still see the products on the shelves. The only time you ever see an established brand suddenly vanish is when they’re bought out by private equity or they’re made obsolete by new technology.
Big companies do make big blunders, but there are forces at work in those upper echelons of the business world beyond market economics. I’m no sure the exact amount, but it seems that once someone or some group has accumulated over a certain amount of money, it takes consistent, sustained catastrophic mistakes to ever drop below that amount, like a sort of critical mass.
Companies that big don’t obey the same economic laws you and I do, and often don’t obey many laws at all for that matter, and they don’t often fail mainly because the system was set up by them in a way where they can’t fail, regardless of how monumentally they screw up.
When they do, their customers flee to one of their 3 competitors who are all run by guys that play golf together and collude, then later one of those companies does a big screw-up, the customers flee back to the first one.
Stupidity and short term money.
I’m sure they tested the new recipe on a sample audience long before they put it into mass production which informed them that the recipe change would positively impact their bottom line. Big companies don’t make enormous blunders which put them out of business. The social media tech companies we all hate are still around and have billions of users after all the crap they did. Why? Because all of the negative changes they made to their platforms were first tested on a sample of users and the sample kept using it. After all of the recipe downgrades and shrinkflation, you still see the products on the shelves. The only time you ever see an established brand suddenly vanish is when they’re bought out by private equity or they’re made obsolete by new technology.
Big companies do make big blunders, but there are forces at work in those upper echelons of the business world beyond market economics. I’m no sure the exact amount, but it seems that once someone or some group has accumulated over a certain amount of money, it takes consistent, sustained catastrophic mistakes to ever drop below that amount, like a sort of critical mass.
Companies that big don’t obey the same economic laws you and I do, and often don’t obey many laws at all for that matter, and they don’t often fail mainly because the system was set up by them in a way where they can’t fail, regardless of how monumentally they screw up.
When they do, their customers flee to one of their 3 competitors who are all run by guys that play golf together and collude, then later one of those companies does a big screw-up, the customers flee back to the first one.
All good points bit missing mine: brands vanish all the time. Companies too.
It’s just that short term money is valued, thats how we run today. It’s never about long term services and products.