Culture Eats Strategy for Breakfast

medium.com

11 pointssdomino4 comments

The counter quote is from Warren Buffet: "When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact."

Is Craig's List a highly profitable machine because they have the best culture? Is Amazon a highly profitable machine because they have the best culture?

The obvious answer is that it's a false trade-off. You need both strategy and culture and while it's a fun quote, it's also silly.

Great Answer. I also think culture gets emphasized in a lot of companies where there is bad culture. Companies with great culture don't talk about it as much. Though Netflix changed it by creating a deck and other companies fell into that trap. Netflix deck and Netflix Glassdoor reviews don't match.

> "Netflix deck and Netflix Glassdoor reviews don't match."

And which of the two more closely matches the 4,536% increase in Netflix's stock price over the past 10 years?

None. Strategy, not culture matches the 4,536% increase.

Reply on news.ycombinator.com