Why does the search giant's stock go down when its performance goes up? Roger Martin on why Google acts like a great company, not a tradable commodity.
I've spent the past two weeks pondering Google's "disappointing" first-quarter earnings-the 27 percent increase in revenue and 17 percent jump in income that nevertheless fell short of analysts' predictions, producing a 5.5 percent fall in after-hours trading following the news release. Co-founder and newly re-installed CEO Larry Page took heat for giving all employees a 10 percent raise and hiring 1,900 new employees, then leaving the analysts' call without answering any questions after declaring the quarterly performance to have been "tremendous."
Related story on The Daily Beast: Wall Street's New Sheriff
Here's my conclusion: Good for Page! He is focusing on the real market-delivering a great service to his customers-rather than on the expectations market-delivering against the latest imaginations of shareholders and analysts about what they think is possible for Google.
I've spent the past two weeks pondering Google's "disappointing" first-quarter earnings-the 27 percent increase in revenue and 17 percent jump in income that nevertheless fell short of analysts' predictions, producing a 5.5 percent fall in after-hours trading following the news release. Co-founder and newly re-installed CEO Larry Page took heat for giving all employees a 10 percent raise and hiring 1,900 new employees, then leaving the analysts' call without answering any questions after declaring the quarterly performance to have been "tremendous."
Related story on The Daily Beast: Wall Street's New Sheriff
Here's my conclusion: Good for Page! He is focusing on the real market-delivering a great service to his customers-rather than on the expectations market-delivering against the latest imaginations of shareholders and analysts about what they think is possible for Google.
- 4/26/2011
- by Roger Martin
- The Daily Beast
Roger Martin, Dean of the Rotman School of Management at the University of Toronto, tells us how businesspeople need to become designers--designing user experiences and business models--to create something new and fantastic, and not just analyze the past.
[twistage e049f02d5a4bd]
The Design Does Matter video series is produced by Teknion, creator of award-winning office systems furniture. Teknion also is the publisher of the Design Does Matter book, now in its third edition, featuring essays from top designers and design thinkers. The Design Does Matter concept was developed for Teknion by San Francisco designer Michael Vanderbyl of Vanderbyl Design, who has articulated what Teknion stands for in every media from print collateral to showrooms to digital presence. This year's Design Does Matter films were produced by Kris Johnson, an independent producer based in San Francisco.
Read more about Innovation Agents...
[twistage e049f02d5a4bd]
The Design Does Matter video series is produced by Teknion, creator of award-winning office systems furniture. Teknion also is the publisher of the Design Does Matter book, now in its third edition, featuring essays from top designers and design thinkers. The Design Does Matter concept was developed for Teknion by San Francisco designer Michael Vanderbyl of Vanderbyl Design, who has articulated what Teknion stands for in every media from print collateral to showrooms to digital presence. This year's Design Does Matter films were produced by Kris Johnson, an independent producer based in San Francisco.
Read more about Innovation Agents...
- 11/10/2010
- by Fast Company staff
- Fast Company
We've all heard the news that the traditional Mba framework is broken, but adding courses on business ethics and financial crises won't solve the problem. And although Harvard, Wharton, Kellogg, and the rest are all considering bringing new ways of thinking into their hallowed halls, a relatively small school in Canada is actually transforming the meaning of an Mba right before our eyes. The Rotman School of Management, helmed by Roger Martin, proposes a radical idea: to develop business leaders who are well-grounded in multiple disciplines. The Rotman faculty aim to mold managers who are equally comfortable and adept at using tools and frameworks from business, popular culture, and design to solve the most urgent challenges of the day--what Rotman calls integrative thinkers and what I call hybrid thinkers. He's a bit of a kindred spirit.
Earlier this week, I had the chance to sit down for a public lecture...
Earlier this week, I had the chance to sit down for a public lecture...
- 11/10/2009
- by Dev Patnaik
- Fast Company
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