• FiniteBanjo@lemmy.today
    link
    fedilink
    English
    arrow-up
    16
    arrow-down
    1
    ·
    edit-2
    5 months ago

    Generally a business runs for profit. They teach people in business school to maximize profits. So there kind of is something inherent to running a business that implies cannibalizing one’s own brand reputation for short term profits. There is always that incentive to give the least amount for as much as you can take.

    Japanese have immortalized a concept called “Black Company” and “Death March” where they push their employees into so much overtime that they literally die or risk losing their livelihood. Which is probably not great for long term or their reputation.

    • sudo42@lemmy.world
      link
      fedilink
      English
      arrow-up
      5
      ·
      5 months ago

      So there kind of is something inherent to running a business that implies cannibalizing one’s own brand reputation for short term profits.

      It’s called “Wall Street”.

      • FiniteBanjo@lemmy.today
        link
        fedilink
        English
        arrow-up
        1
        ·
        5 months ago

        That’s true that shareholders and stock evaluation are main drivers for this phenomenon, but Private Companies aren’t necessarily more saintly than companies with Public Offerings.

        • sudo42@lemmy.world
          link
          fedilink
          English
          arrow-up
          3
          ·
          5 months ago

          True, but in my experience, selling stock publicly is the ticket to hell. No matter how much of your company you think you still own, you’re going to be driven to make higher profits every quarter, no matter the cost. If you don’t comply, they will replace you with someone who will.