Culture clash and conflicting goals are my takeaway. And the executive egos are also hiding between the lines. If there is no “recipe” taught in business schools most executives have no clue what to do.
Good write up Simon. One point you should explore more in your research is how Bloomberg made a decision to launch a news service to defend their product from the leverage that other news providers including Dow Jones had. Their terminal product required news and they sourced it from 3rd parties. Building their own to replace the 3rd parties was a saavy but capital intensive decision.
Culture clash and conflicting goals are my takeaway. And the executive egos are also hiding between the lines. If there is no “recipe” taught in business schools most executives have no clue what to do.
Good write up Simon. One point you should explore more in your research is how Bloomberg made a decision to launch a news service to defend their product from the leverage that other news providers including Dow Jones had. Their terminal product required news and they sourced it from 3rd parties. Building their own to replace the 3rd parties was a saavy but capital intensive decision.
Bloomberg’s a great company. I have really enjoyed working with them over the years. Enjoyed your analysis Simon.