Depending on which view is correct, there may or may not be a market demand for your solution.
This question is something that keeps me up at night.
In the long term, I’m confident that if the latter case is true, my solution will (eventually) outcompete anyone using mangement consultants. Because of the blockchain based business model, this is a possibility that the company (in the loosest sense of the word) can handle. This would be worst case scenario.
“The market can stay irrational longer than you can stay solvent.”
That’s not how the blockchain works—once the app is there, it exists forever( at least as long as other apps are using that same blockchain), and it can limp along as long as it needs to until the market catches up. It’s one of the key reasons I chose the business model I did (which allows investors to make money from the app being succesful, no matter whether that’s from an application of the protocol IM using, or someone else)
as opposed to giving the answer someone important in the management (the person who made the decision to hire them) wanted to hear, while providing this person plausible deniability (“it wasn’t my idea; it’s what the world-renown experts told us to do; are you going to doubt them?”)
That’s a predominately satirical (sometimes conspiracy theory..). I hope you’re using it that way and aren’t just ignorant...
You’re selling the efficacy of your implementation to firms for making correct decisions. The perception of correct decisions, or potential thereof is important.
Unless you also consider Dilbert to be a conspiracy theorist...
People are often optimizing for their own goals, instead of the goals of the organization they are working for. People are stupid. People are running on a corrupted hardware. Put these three facts together, and you will see organizations where managers sometimes make genuinely bad decisions, and sometimes they make decisions that help them but harm the company; and they will of course deny doing this, and sometimes they are simply lying, but sometimes they honestly believe it.
Often the quality of a decision is hard to measure, or perhaps just too easy to rationalize either way. When a manager makes a bad decision, it does not mean that the project will fail. Sometimes the employees will work harder or take overtime to fix the problems. Sometimes the company is lucky because their customer is even more dysfunctional than them, so they won’t notice how faulty and overpriced is the delivered product. When a manager makes good decisions, it does not mean that the project will succeed. Sometimes other managers that are supposed to cooperate with the department will sabotage the project to get rid of an internal competitor. Sometimes there are unpredictable forces outside, for example a new competing product appears on the market, and it happens to be better and cheaper, or just has better marketing. -- And of course, when a project succeeds, the typical manager will attribute it to their own smart decisions, and when a project fails, there will always be someone or something else to blame. It’s like in politics.
This question is something that keeps me up at night.
In the long term, I’m confident that if the latter case is true, my solution will (eventually) outcompete anyone using mangement consultants. Because of the blockchain based business model, this is a possibility that the company (in the loosest sense of the word) can handle. This would be worst case scenario.
“The market can stay irrational longer than you can stay solvent.”
That’s not how the blockchain works—once the app is there, it exists forever( at least as long as other apps are using that same blockchain), and it can limp along as long as it needs to until the market catches up. It’s one of the key reasons I chose the business model I did (which allows investors to make money from the app being succesful, no matter whether that’s from an application of the protocol IM using, or someone else)
That’s a predominately satirical (sometimes conspiracy theory..). I hope you’re using it that way and aren’t just ignorant...
You’re selling the efficacy of your implementation to firms for making correct decisions. The perception of correct decisions, or potential thereof is important.
Unless you also consider Dilbert to be a conspiracy theorist...
People are often optimizing for their own goals, instead of the goals of the organization they are working for. People are stupid. People are running on a corrupted hardware. Put these three facts together, and you will see organizations where managers sometimes make genuinely bad decisions, and sometimes they make decisions that help them but harm the company; and they will of course deny doing this, and sometimes they are simply lying, but sometimes they honestly believe it.
Often the quality of a decision is hard to measure, or perhaps just too easy to rationalize either way. When a manager makes a bad decision, it does not mean that the project will fail. Sometimes the employees will work harder or take overtime to fix the problems. Sometimes the company is lucky because their customer is even more dysfunctional than them, so they won’t notice how faulty and overpriced is the delivered product. When a manager makes good decisions, it does not mean that the project will succeed. Sometimes other managers that are supposed to cooperate with the department will sabotage the project to get rid of an internal competitor. Sometimes there are unpredictable forces outside, for example a new competing product appears on the market, and it happens to be better and cheaper, or just has better marketing. -- And of course, when a project succeeds, the typical manager will attribute it to their own smart decisions, and when a project fails, there will always be someone or something else to blame. It’s like in politics.