Actually for me it is getting a bit ridiculous when an app like Yo can get like a million dollars when it goes viral without anyone actually figuring out what's so great about it.
It does seem like growth is triumphing over other metrics, like revenue, or common sense. Of course if we go by that measure, companies like facebook will never survive at all, not sure how this is gonna play out.
I think it's a fine line. The article did mention that the robots were guided by an algorithm, and traffic lights are, too, controlled by algorithms, so what's to say this situation isn't the same as following traffic lights?
Looking at the title description I was actually thinking about some really weird dating site where you have to dress professionally and... I dunno, maybe post your resume profiles to others?
It sounds like an attractive concept... but I'm not sure about its long term viability.
The larger a business grows, the more people become involved in the cooperative, and the harder it becomes to gain consensus or propose more risky but sometimes critical actions for the business.
Layoffs are most probably off the table, while things like employee benefits will probably become disproportionately popular and hard to cut. Furthermore the whole "own your company" appeal seems to become less of a big deal as more and more join the coop, and you get less of a say over how the company should be run. But conversely it is usually on a large scale that the financial benefits of minority shares ownership can yield decent returns. Seems a bit conflicting.
I've heard some groceries in US converted to co-op model though. Wonder how they are doing now.
Actually for me it is getting a bit ridiculous when an app like Yo can get like a million dollars when it goes viral without anyone actually figuring out what's so great about it.
It does seem like growth is triumphing over other metrics, like revenue, or common sense. Of course if we go by that measure, companies like facebook will never survive at all, not sure how this is gonna play out.