May 3: ABCs of Corporate Senescence
The Nebraskan philosopher Warren Buffett once referred to the “ABCs of corporate senescence”: Arrogance, Bureaucracy, and Complacency.
Source: Stripe
Published: April 2022
ABCs of Corporate Senescence
Senescence (noun) is the process by which cells irreversibly stop dividing and stop growing without undergoing cell death.
The Nebraskan philosopher Warren Buffett once referred to the “ABCs of corporate senescence”:
Arrogance
Bureaucracy
Complacency
“We’re terrified of these failure modes at Stripe. We work hard to convey to new people joining that humility and curiosity are strict prerequisites for improvement.” - Stripe’s co-founders, John and Patrick
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One of the best reads recently and also resonates with the "Day-2" culture that we refer to at Amazon