A Quote by John Maeda
Corporations today, by their razor sharp focus on the 'bottom line' and quarterly earnings, have lost their ability to innovate.
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If you truly want to innovate, there will be some failures, and this can be difficult for some organizations - especially public companies managing quarterly earnings.
I have almost no interest in quarterly reports. Running a business or investing in a business based on quarterly earnings doesn't make any sense at all to me.
The fact of the matter is that today, stuff-selling mega-corporations have a huge influence on our daily lives. And because of the competitive nature of our global economy, these corporations are generally only concerned with one thing - the bottom line. That is, maximising profit, regardless of the social or environmental costs.
Being captive to quarterly earnings isn't consistent with long-term value creation. This pressure and the short term focus of equity markets make it difficult for a public company to invest for long-term success, and tend to force company leaders to sacrifice long-term results to protect current earnings.
After careful consideration, we have decided that for our next fiscal year, we'll issue guidance on comparable store used unit sales and on earnings per share only for the full fiscal year. We will no longer issue quarterly guidance. This decision reflects our continuing focus on longer-term store, sales, and earnings growth and on return on invested capital, and our recognition that the performance in shorter-term periods can be more volatile than over the longer term. As we report our quarterly results, we plan to comment on how our performance is tracking against our annual guidance.
Employers should overcome a myopic quarterly earnings posture and focus on long-term strategies for growth that include investing in their own skills-training efforts to enable a broader pool of applicants.
I really do believe that the bottom line that creates transformation in the individual is the ability to focus your attention in an ever greater and more subtle way, and that follows the whole path of the limbs.
We need an honest bottom line. Today that bottom line is vastly subsidized. If anyone of us were paying the full cost of oil our bottom lines would be very different. If you internalize the cost of oil, look at the cost of the war in the Middle East or the cost of global warming for future generations, if you internalize those external costs and what you pay, that bottom line would look very different, what ever business you are in.
The bottom half of the page had descended into a doodle of a tiny man giving the middle finger to a giant, angry eagle with razor-sharp talons. Beneath it, the caption: To Mock a Killing Bird.
The Very Big Stupid is a thing which breeds by eating The Future. Have you seen it? It sometimes disguises itself as a good-looking quarterly bottom line, derived by closing the R&D department.
Well, Hollywood isn't made up of individual studio heads anymore. It's made of corporations. And corporations are looking for the bottom line. They don't want to take chances. They want the money back for stockholders.
Earnings don't move the overall market; it's the Federal Reserve Board... focus on the central banks, and focus on the movement of liquidity... most people in the market are looking for earnings and conventional measures. It's liquidity that moves markets.
Bottom line, we will continue to innovate and grow our fan base with Xbox while also creating additive business value for Microsoft.
Instead of a bottom-line based on money and power, we need a new bottom-line that defines productivity and creativity as where corporations, governments, schools, public institutions, and social practices are judged as efficient, rational and productive not only to the extent they maximize money and power, but to the extent they maximize love and caring, ethical and ecological sensitivity, and our capacities to respond with awe and wonder at the grandeur of creation.
Our continued investment in productivity will add to our margins, and you'll see that reflected in the bottom line earnings.
I've got evil in me as much as anyone, some desires that scare me. Even if I don't give in to them, just having them scares the living bejesus out of me sometimes. I'm no saint, the way you kid about. But I've always walked the line, walked that goddamned line. It's a mean mother of a line, straight and narrow, sharp as a razor, cuts right into you when you walk it long enough. You're always bleeding on that line, and sometimes you wonder why you don't just step off and walk in the cool grass.
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