Great interview, but I feel there was a missed opportunity when the interviewer asked about Zuckerberg's comment "we don't build services to make money, we make money to build great services."
The panel acted as if that were an iconoclastic, even blasphemous thing to say. That attitude, that only focusing on quarterly results and "building shareholder value," is of course just the attitude that has gotten the business world in so much trouble. There have been some great articles of late exploding the myth of "shareholder value," from Steve Denning's brilliant Forbes article "The Dumbest Idea in the World" http://www.forbes.com/sites/stevedenning/2011/11/28/maximizi... to James Allworth at the Harvard Business Review talking about Steve Jobs and the Innovator's Dilemma: http://blogs.hbr.org/cs/2011/10/steve_jobs_solved_the_innova...
I thought kn0thing had a great answer when he described that as part of the ethos of "builder culture," to be sure. If only the panel had taken a moment to ask themselves whether that approach might actually lead to stronger profits and stronger companies overall, such as one of the best examples around, Apple.
The panel acted as if that were an iconoclastic, even blasphemous thing to say. That attitude, that only focusing on quarterly results and "building shareholder value," is of course just the attitude that has gotten the business world in so much trouble. There have been some great articles of late exploding the myth of "shareholder value," from Steve Denning's brilliant Forbes article "The Dumbest Idea in the World" http://www.forbes.com/sites/stevedenning/2011/11/28/maximizi... to James Allworth at the Harvard Business Review talking about Steve Jobs and the Innovator's Dilemma: http://blogs.hbr.org/cs/2011/10/steve_jobs_solved_the_innova...
I thought kn0thing had a great answer when he described that as part of the ethos of "builder culture," to be sure. If only the panel had taken a moment to ask themselves whether that approach might actually lead to stronger profits and stronger companies overall, such as one of the best examples around, Apple.