Former Google CEO Eric Schmidt, who has since moved on to greener and perhaps more dangerous pastures, told an audience of Stanford students recently that “Google decided that work-life balance and going home early and working from home was more important than winning.” Evidently this hot take was not for wider consumption, as Stanford — which posted the video this week on YouTube — today made the video of the event private.
Because Google was so focused and strategic before the pandemic rollseyes.
The issue is Google’s broken governance and incentive system, which gives product owners and executives incentives for new products and actively disincentivizes maintaining and improving existing products…and that was a thing from well before the pandemic hit.
It’s why Google launched three pay systems and had five messaging systems at the same time.
And, finally, this is all because of the strategy set by senior leaders.
a) you’re right. Everyone who says this is right
b) If the senior leaders have designed their own ivory towers to force obsequious behaviour from their own people, they sure as shit won’t listen to totally reasonable analysis from people who don’t work for them. As such, they have engineered their own demise. I wish them well with it.
Yeah and they make ad revenue hand over fist. So anything else is just “experimental” to them aka a cost center. Since they don’t commit to these side products they don’t become profitable and inevitably get cancelled.
Also the ads are just so obscenely profitable that anything else will always just be a small side project. Google ad revenue is $200 billion/year.
If a new product has revenue of $500 million/year it’s still peanuts that are just a distraction and can be canceled with zero impact.